Ozon extends standstill agreements for 1.875% convertible bonds

By Marisa Wong

Los Angeles, Aug. 31 – Ozon Holdings plc announced an extension to the termination date of its standstill agreements relating to the restructuring of its $750 million 1.875% senior convertible bonds due 2026.

The termination date was extended to Sept. 13 from Aug. 30, according to a Wednesday press release.

As previously disclosed, the company entered into a standstill agreement on June 1 to facilitate the restructuring of the bonds with an ad hoc group of bondholders and a substantially similar Russian standstill agreement with some Russian bondholders.

The standstill agreements were each equipped with an extension option, which has now been exercised.

Bondholders interested in receiving more information regarding the standstill agreements or in acceding to the standstill agreements are directed to visit https://ir.ozon.com/restructuring/ or to contact Houlihan Lokey, the financial adviser of the ad hoc group of bondholders, at projectondohl@hl.com or Cleary Gottlieb Steen & Hamilton LLC, the legal adviser of the company, at Team-Olive-CGSHOnly@cgsh.com.

Ozon is a Russian e-commerce and internet company. The holding company is registered in Cyprus.

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