The main goal of the extraordinary administration is reaching a settlement with respect to all the creditors. In this section you may find more detail on the structure and the summary of key aspects of the settlement, additional clarifications and different service information, as well as information on the rights and obligations of each of the creditors.
Agrokor Extends the Expiration Time of its Consent Solicitation
25. May 2018.
This press release supplements Agrokor d.d.’s (“Agrokor” or the “Company”) consent solicitation statement dated May 14, 2018 (the “Consent Solicitation Statement”) in relation to Agrokor’s €300,000,000 9.875% Senior Notes due 2019 (ISIN: XS0776111188 / XS0776110966), €325,000,000 9.125% Senior Notes due 2020 (ISIN: XS0836495183 / XS0836495696) and $300,000,000 8.875% Senior Notes due 2020 (ISIN: USX0027KAG32 / US00855UAB52). All capitalized terms used but not defined herein have the meanings ascribed to them in the Consent Solicitation Statement.
The Company announces that the Expiration Time of its Consent Solicitation will be postponed to 4:00 p.m., London time, on June 4, 2018, unless extended or earlier terminated by the Company, and references to “Expiration Time” in the Consent Solicitation Statement shall be construed to refer to 4:00 p.m., London time, on June 4, 2018 (unless extended or terminated). The Company will announce any further extensions of the Expiration Time by press release or other permitted means no later than 9:00 a.m., London time, on the Business Day following the then scheduled Expiration Time.
In addition, the Company announces that the mechanism to vote on the Settlement Plan referred to in the Consent Solicitation Statement, as further described in the forms of 2019 Senior Notes Supplemental Indenture and 2020 Senior Notes Supplemental Indenture in Annexes A and C to the Consent Solicitation Statement, respectively, will be amended such that the Trustee shall deliver the Proposed Settlement Agreement and any Related Matters to Holders and Beneficial Owners (each as defined in the Supplemental Indentures), and shall request that each Beneficial Owner votes to approve or reject the Proposed Settlement Agreement. The Trustee shall vote on the approval or rejection of the Proposed Settlement Agreement at the hearing of the Court (as defined in the Supplemental Indentures) to be held for voting on the Proposed Settlement Agreement in accordance with the votes received by such Beneficial Owners, as further described in the Supplemental Indentures.
Agrokor is the largest privately owned company in Croatia and one of the leading regional companies focused on the production and distribution of food and beverages and retail.
Cautionary Notice Regarding Forward Looking Statements
This press release may contain statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements.” A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to the Company. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.