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Vestel Elektronik Says Its Eurobond Holders Supported Consent Solicitation

By Reuters News

Nov 12 (Reuters) - VESTEL ELEKTRONİK SANAYİ VE TİCARET VESTL.IS

  • SAID ON WEDNESDAY, WITH 93.38% REPRESENTED EXTRAORDINARY RESOLUTION PASSED WITH 82% OF VOTES CAST IN FAVOUR

  • PROPOSAL INCLUDED, AMONG OTHER THINGS, EXTENSION OF STANDSTILL DATE AND SEPTEMBER 2026 EXTRAORDINARY RESOLUTION

  • PROPOSAL ALSO INCLUDED THE POSTPONEMENT OF THE NOVEMBER 2026 INTEREST PAYMENT DATE, THE AMENDMENT AND RESTATEMENT OF THE EXISTING TRUST DEED TO GIVE EFFECT TO THE PROPOSED AMENDMENTS TO THE EXISTING NOTES TO CREATE THE 2035 NOTES AND TO CONSTITUTE THE 2032 NOTES


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Further company coverage: VESTL.IS

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