EuroHold Bulgaria seeks consents for waivers under 6½% notes due 2026

By Marisa Wong

Los Angeles, March 29 – EuroHold Bulgaria AD announced an invitation to holders of its €70 million 6½% notes due June 7, 2026 (ISIN: XS1731768302) guaranteed by Euroins Insurance Group AD, €41.73 million of which is outstanding, to consent to some waivers of present or future events of default and other matters.

These matters relate to recent developments concerning Euroins Romania Asigurare-Reasigurare SA.

The issuer is seeking approval by way of electronic consent. In order for the extraordinary resolution to be passed, electronic consent instructions representing not less than three-fourths of the nominal amount of notes outstanding must be delivered.

The issuer is not offering a consent fee.

The consent deadline is 11 a.m. ET on April 4.

Kroll Issuer Services Ltd. (+44 20 7704 0880; attn.: David Shilson; eurohold@is.kroll.com; https://deals.is.kroll.com/eurohold) is the tabulation agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.