Russia’s Koks sets Sept. 26 meeting date for consent solicitation

Chicago, Sept. 6 – PJSC Koks issued a notice of meeting relating to its previously announced and ongoing consent solicitation for its $350 million outstanding 5.9% loan participation notes due 2025 (ISIN: XS2232013263, US44970CAA53) issued by IMH Capital DAC for the purpose of extending a loan to the company, according to a notice.

The meeting will be held at 11 a.m. ET on Sept. 26.

As previously reported, proposed extraordinary resolutions would replace the trustee with i2 Capital Trust Corp. Citibank, NA, London Branch would retire from the position.

Additionally, there would be an amendment to introduce an alternative payment mechanism.

The third amendment would extend the grace period to 50 calendar days from seven business days.

All of this is in response to sanctions against Russian companies since the start of the Ukraine invasion.

Noteholders should deliver valid voting instructions to i2 Capital Markets Ltd. no later than Sept. 22 to participate. Votes are due by 1 p.m. ET.

The record date is Sept. 20.

The information and tabulation agent is i2 Capital Markets Ltd. (+44 20 3633 1212, pjsckoks@i2capmark.com, https://i2capmark.com/event-details/77/Holder/psjc-koks).

Koks Finance is a subsidiary of Koks Group, a Russian coke and pig iron producer.

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