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China’s 21Vianet holders vote unanimously to amend 7 7/8% bonds
By Marisa Wong
Madison, Wis., June 30 – 21Vianet Group, Inc. said that holders of its 7 7/8% bonds due 2016 voted unanimously to amend the terms and conditions of the bonds.
The company convened a bondholders meeting on June 27.
At least 75% of the votes cast at the meeting had to be in favor of the proposed extraordinary resolutions in order for them to pass.
The company said it paid a one-time consent fee of RMB 200 per RMB 100,000 of bonds to holders who voted in favor of the proposals. The company paid a total of RMB 1,787,200 in cash.
As previously announced, the company had launched a cash tender offer for its 7 7/8% bonds on June 5. The offer expired at 10 p.m. ET on June 23.
21Vianet Group is a Beijing-based internet data center services provider.
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