Russia’s Koks gets needed consents to amend IMH loan notes

By Marisa Wong

Los Angeles, Sept. 27 – PJSC Koks announced the results of its Sept. 2 consent solicitation relating to the $350 million outstanding 5.9% loan participation notes due 2025 (ISIN: XS2232013263, US44970CAA53) issued by IMH Capital DAC.

At the meeting held on Sept. 26, holders passed both the retirement and appointment extraordinary resolution and the amendments extraordinary resolution, according to a notice on Tuesday.

The now effective extraordinary resolutions make i2 Capital Trust Corp. the trustee, replacing Citibank, NA, London Branch. Additionally, an alternative payment mechanism is being introduced. The third amendment extends the grace period to 50 calendar days from seven business days.

The information and tabulation agent is i2 Capital Markets Ltd. (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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