Abengoa announces second meeting over consents for 4.5% convertibles

By Wendy Van Sickle

Columbus, Ohio, Oct. 30 – Abengoa, SA has scheduled a second meeting in an effort to gain consents to amend its €250 million of 4.5% senior convertible notes due 2017, according to a notice.

The meeting will be held at 3 a.m. ET on Nov. 30.

The adjourned meeting comes after the required quorum of two-thirds of the principal amount of the notes was not established at a meeting Thursday regarding the consent solicitation.

As previously reported, Abengoa did receive on Thursday the requested consents to amend its €400 million of 6.25% senior convertible notes due 2019 and $279 million of 5.125% exchangeable notes due 2017.

The company is seeking to amend the note indentures in order to give the convertibles the same level of guarantees as the company’s high-yield notes.

Lucid Issuer Services Ltd. (44 20 7704 0880 or abengoa@lucid-is.com) is the tabulation agent.

Seville, Spain-based Abengoa is an industrial and technology group.

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