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Published on 10/24/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Abg Orphan gets consents to amend four PIK note series in consent bid

By Susanna Moon

Chicago, Oct. 24 – Abg Orphan Holdco Sarl said it received the needed consents to amend four series of guaranteed pay-in-kind toggle notes in the solicitation announced Sept. 29.

The notes covered by the solicitation are the $141,200,858 variable-rate guaranteed PIK toggle notes due 2021; $114,329,168 5%/9% guaranteed PIK toggle notes due 2021; $418,253,276 5%/9% guaranteed PIK toggle notes due 2021; and $38,597,083 variable-rate guaranteed PIK toggle notes due 2021, according to a company notice on Tuesday.

No other details were included in the release.

The tabulation agent is Bank of New York Mellon, London Branch (+44 1202 689 644 or debtrestructuring@bnymellon.com).

The company previously said it received the waivers in the solicitation for the four series that ended on Aug. 24.


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