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E.M.I.S. Finance B.V. Initiates Bond Restructuring and Consent Solicitation Process

E.M.I.S. Finance B.V. has launched a bond restructuring and consent solicitation process.

Release Date:

February 17, 2025

Type of document:

Press Release

E.M.I.S. Finance B.V. (the Issuer) has today launched a consent solicitation process (the Bond Restructuring) in relation to the following series of Loan Participation Notes (the Notes):

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Series ISIN Outstanding Principal Amount
Series 25 Notes XS1905646144 US$39,766,000
Series 26 Notes XS1907535576 US$42,628,000
Series 29 Notes XS2078674467 US$40,802,000
Series 30 Notes XS2123287075 US$43,861,000
Series 31 Notes XS2228241175 US$49,023,000
Series 32 Notes XS2228240367 EUR41,597,000
Series 34 Notes XS2291907256 US$39,289,000
Series 37 Notes XS2346584258 US$47,202,000
Series 39 Notes XS2388153715 US$25,643,000
Series 40 Notes XS2388153558 US$12,608,000

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‍Reason for Bond Restructuring

The main reason behind the proposed Bond Restructuring is creating a framework that would ensure the most optimal and efficient mechanism for paying out the Noteholders.  With that objective in mind, the Issuer is soliciting consent of the Noteholders in respect of each Series of Notes to:

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  • Extend the maturity date by 6 years
  • Defer interest payments to new maturity date
  • Permit the Issuer to commence and/or maintain and/or compromise and/or settle any proceedings and to arrange funding for the proceedings
  • Amend the transaction documents and waive any breaches of the Terms and Conditions and Trust Deed
  • Remove current trustee and replace it with the new trustee.

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All documents are available on the Consent Solicitation Website managed by the Information & Tabulation Agent (https://i2capmark.com/event-details/96/Holder/emis-finance-bv), together with detailed instructions on what to do next.

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Voting

Only Noteholders that hold the Notes as of 17 February 2025 (the Record Date) may participate and vote.

To participate in the Bond Restructuring, a (i) Form of Authority (Voting Instruction), and (ii) Proof of Holding as of the Record Date must be submitted.

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Any vote will not be accepted unless both Form of Authority and Proof of Holding is submitted.

Noteholders are encouraged to contact their bank, broker or representative immediately to arrange for them to provide Noteholders with their Proof of Holding as of 17 February 2025.

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Documents must be uploaded on to the Consent Solicitation Website (https://i2capmark.com/event-details/96/Holder/emis-finance-bv).

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Deadline

Voting Instructions and Proof of Holding must be submitted by no later than 4pm (London time) on Friday, 7 March 2025.

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Any questions or clarifications about this press release and Bond Restructuring can be directed to the Information & Tabulation Agent:

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i2 Capital Markets Ltd

128 City Road

London, EC1V 2NX

Email: emisfinance@i2capmark.com

Phone: +44 203 633 1212

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