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.
Super-Priority Term Facilities Agreement and Fee Letter for the role of the lenders’ agent
26. Mar 2018.
The Extraordinary Administration of Agrokor has published today, in accordance with the announcement of the Extraordinary Administrator Fabris Peruško, documents which have also been delivered to the Commercial Court in Zagreb.
The Super-Priority Term Facilities Agreement has been published in a consolidated version. This means that the document includes all amendments executed to date. Also, the Fee Letter for the role of the lenders’ agent under the Super-Priority Term Facilities Agreement has been published. It concerns the agent, Madison Pacific Trust Limited, whose role in these arrangements is of an administrative-technical nature and is necessary to coordinate a large number of unrelated international creditors (over 40 of them) participating in the Agreement and to facilitate the procedures related to the implementation of the Agreement.
The agent’s role is also to notify the arrangement’s participants of the status of the Agreement and all changes related thereto which is an established international practice in such deals.
The Super-Priority Term Facilities Agreement lists initial lenders and other lenders have subsequently acceded thereto.
Super-Priority Term Facilities Agreement