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Published on 5/31/2019 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Abengoa’s ABG Orphan unit cancels, delists two PIK notes due 2021

By Marisa Wong

Morgantown, W.Va., May 31– ABG Orphan Holdco Sarl canceled and delisted its $141,200,858 variable-rate guaranteed PIK toggle notes due 2021 and the $38,597,083 variable-rate guaranteed PIK toggle notes due 2021, according to a notice.

The notes were canceled on April 26 as part of a debt restructuring and delisted from the Global Exchange Market of Euronext Dublin effective as of Friday.

Abengoa is an industrial and technology group based in Seville, Spain. It filed for bankruptcy on March 28, 2016 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 15 case number 16-10754. The issuer of the PIK toggle notes is based in Luxembourg.


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