The process of reaching a settlement under the extraordinary administration procedure of Agrokor is one of the most complex in Croatia and in Europe due to the complexities of Agrokor as a business and the total amount of the debt as well as the large number of creditors, 5.700 of them. This section contains all the news on the process of reaching of a settlement for all the key stakeholders, as well as the latest details and developments.
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 /…
Extraordinary Administration of Agrokor published the Draft Settlement Agreement in the Extraordinary Administration Procedure of Agrokor
25. May 2018.
On 25 May, 2018 the Extraordinary Administration of Agrokor published the Draft Settlement Agreement in the Extraordinary Administration Procedure of Agrokor at the website nagodba.agrokor.hr. The document in question elaborates in detail the Term Sheet containing the key structural elements of the settlement signed on 10 April, 2018 by all Members of the Temporary Creditors’…
Statement of the Temporary Creditors’ Council
15. May 2018.
Regarding the latest developments affecting the process of Extraordinary Administration in Agrokor, the Temporary Creditors’ Council representatives and other creditors: Andrew Shannahan – Knighthead, Diana Nikolova – VTB, Sergei Volk – Sberbank, Pavo Mišković – Zagrebačka banka and Marica Vidaković, large suppliers jointly communicated the following: „Creditors of Agrokor have invested substantial funds in Agrokor…
13th monthly report of the Extraordinary Administration published
14. May 2018.
Agrokor Monthly Report April 2018 Presentation of audited operating results 2017 – Agrokor d.d. and Group
EA publishes audited consolidated results of the Agrokor Group and Agrokor d.d.
14. May 2018.
Agrokor successfully closed the challenging year 2017 with solid operating results in line with plans and with focus on profitability Agrokor’s Extraordinary Administration published the audited consolidated results of the Agrokor Group and Agrokor d.d. for the year 2017. The scope of consolidation comprises 105 companies in which Agrokor exercises control, out of which 52…
Agrokor submitted a SPFA extension request notice
10. May 2018.
Agrokor has submitted today a SPFA extension request notice in compliance with clause 2.4 of the SPFA agreement. Since March 2018, the Extraordinary Administration has been exploring refinancing alternatives for the SPFA through a new Exit Facility. Market feedback obtained from the process has indicated that, while there is interest from potential new lenders in…
Statement of the Agrokor’s Extraordinary Administration: the settlement process is on course
03. May 2018.
“Interpretations by some of the creditors according to which it will not be possible to reach the settlement between Agrokor’s creditors in the statutory deadline are factually unfounded. Namely, in the last week’s decision of the High Commercial Court regarding the number of members of the Creditors’ Council and the classification of creditors in groups,…
Settlement Settlement Details
Settlement Term Sheet
03. May 2018.
Settlement Term Sheet Support Statement
Peruško: Opponents are in the minority, the settlement will we reached nevertheless
02. May 2018.
published in Večernji list, by Marina Šunjerga, translated to English from original text: https://www.vecernji.hr/vijesti/perusko-protivnici-su-u-manjini-nagodba-ce-ipak-proci-1242334 In the second half of May, the EPM model will be announced, so the owners of the new Agrokor will be known and the financial statements of the company will be published Extraordinary commissioner for Agrokor, Fabris Peruško brought Agrokor very close…