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Investegate |Hurricane Energy PLC Announcements | Hurricane Energy PLC: Update on Proposed Financial Restructuring


 
 
Further to the announcement made on 30 April 2021 (the Previous Announcement ) regarding the proposed financial restructuring of the Group (the Restructuring ), the Company confirms that it today filed a claim form and draft explanatory statement at the High Court of Justice in London ahead of a convening hearing (the Convening Hearing ) expected to be held virtually via video conference on 21 May 2021.
 
 
The purpose of the Convening Hearing is to seek directions for the convening and conduct of a virtual meeting (the Plan Meeting ) of the holders (the Bondholders ) of the Company s $230 million convertible bonds due 24 July 2022 (the Convertible Bonds ) for the purposes of considering, and if thought fit approving, the restructuring plan (the Restructuring Plan ) proposed under Part 26A of the Companies Act 2006 ( Part 26A ).  The Restructuring Plan process was commenced, as outlined in the Previous Announ ....

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Investegate |DTEK Finance Plc Announcements | DTEK Finance Plc: DTEK ENERGY B.V. RESTRUCTURING


DTEK ENERGY B.V. RESTRUCTURING
The High Court of Justice of England and Wales has today approved the convening of creditors meetings (the Creditors Meetings ) to consider and, if thought fit, to approve two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the Schemes ) to restructure substantially all of the indebtedness of DTEK ENERGY B.V. group (the Group ) (the Restructuring ). Accordingly, the Bank Scheme Meetings shall be held at 10:00 (London time) on 7 May 2021 and the Notes Scheme Meeting shall be held at 10:45 (London time) on 7 May 2021 (or as soon thereafter as the Bank Scheme Meeting has been closed or adjourned). ....

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Petra Diamonds Ltd - Completion of the Restructuring


Petra Diamonds Ltd - Completion of the Restructuring
PR Newswire
Completion of the Restructuring
Introduction
The Company is delighted to announce that it has today completed the implementation of the recapitalisation of the Group (the
Restructuring ) initially announced on 20 October 2020.
The key features of the Restructuring are as follows:
partial reinstatement of the Notes debt and the contribution by holders of the existing Notes of US$30.0 million in New Money, each taking the form of new senior secured second lien notes (the
New Notes ). The New Notes amount to approximately US$337.0 million (including the New Money and fees paid as part of the transaction in New Notes); ....

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