DGAP-News: ORCO Germany S.A.: FURTHER DETAILS RELATING TO THE OPG BOND EQUITIZATION TERM SHEET
(firmenpresse) - DGAP-News: ORCO Germany S.A. / Key word(s): Bond
ORCO Germany S.A.: FURTHER DETAILS RELATING TO THE OPG BOND
EQUITIZATION TERM SHEET
13.04.2012 / 21:40
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Paris, 13 April 2012
FURTHER DETAILS RELATING TO THE OPG BOND EQUITIZATION TERM SHEET
On 10 April 2012, Orco Property Group., S.A. ('OPG') announced the signing
of a binding term sheet with an ad-hoc committee of bondholders
representing approximately one-third of the aggregate principal amount of
the bonds issued by OPG, for the restructuring of the five tranches of OPG
bonds totaling EUR 411 million in aggregate principal amount and EUR 549
million in total repayments due under OPG's Safeguard Plan (the 'OPG
Bonds').
The binding term sheet provides that the ratio for the exchange of OPG
Bonds for new OPG shares shall be defined pro rata to the allocation of the
EUR 549 million repayments to each tranche, taking into account possible
rounding differences.
The total repayments due under the Safeguard Plan were allocated by the
Commercial Court of Paris as follows:
- EUR 63.2 million for the EUR 50,272,605.30 in aggregate principal
amount of OBSAR 1 bonds issued by OPG on 18 November 2005 (ISIN
FR0010249599);
- EUR 16.0 million for the CZK 300,000,000 in outstanding principal
amount of Czech bonds issued by OPG on 3 February 2006 (ISIN
CZ0000000195);
- EUR 28.9 million for the EUR 24,169,193.39 in aggregate principal
amount of bonds exchangeable for Suncani Hvar shares issued by OPG on
30 June 2005 (ISIN XS0223586420);
- EUR 212.3 million for the EUR 149,999,928 in aggregate principal amount
of convertible bonds issued by OPG on 1 June 2006 (ISIN FR0010333302);
and
- EUR 228.1 million for the EUR 175,000,461.60 in aggregate principal
amount of OBSAR 2 bonds issued by OPG on 28 March 2007 (ISIN
XS0291838992 / XS0291840626).
For more information, please write to investors(at)orcogroup.com.
End of Corporate News
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Language: English
Company: ORCO Germany S.A.
40, Parc d'Activités Capellen
8308 Capellen
Grand Duchy of Luxembourg
Phone: +49 (0)30 390 93 116
Fax: +49 (0)30 390 93 199
E-mail: patricia.jaenisch(at)orco-gsg.de
Internet: www.orcogermany.de
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Stuttgart
End of News DGAP News-Service
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164940 13.04.2012
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