Latest news with #Bondholders
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
Venezuela's Disputed Bond Complicates Citgo Sale
Bondholders are moving to block the forced sale of Venezuela's Citgo Petroleum, setting up a clash with some of the country's other creditors over control of its most valuable external asset. A group of bondholders owed some $1.7 billion by Citgo's ultimate parent company, Petróleos de Venezuela SA, has been excluded from the latest offer for the company. The group, referred to as the 2020 bondholders, had agreed to a deal in April with Citgo's previous leading bidder, Contrarian Capital-backed Red Tree Investments.
Yahoo
24-06-2025
- Business
- Yahoo
SPIE - NOTICE OF REDEMPTION - Bonds due June 18, 2026
NOTICE OF REDEMPTION TERMSTO HOLDERS OF SPIE(the 'Issuer')€600,000,000 2.625 per cent. Bonds due June 18, 2026 (the 'Bonds') ISIN: FR0013426376Common Code: 201374006 Optional Make Whole Redemption Date: June 27, 2025Optional Redemption Amount: €100,526.35 per €100,000 Bond Cergy, June 24, 2025 - Following the publication by the Issuer on May 28, 2025 of a notice announcing that it has elected to redeem all of the outstanding Bonds (of which €600,000,000 are currently outstanding) on June 27, 2025 (the 'Make-whole Redemption Date') at a price per €100,000 Bond equal to the Optional Redemption Amount, pursuant to Conditions 6.4.2 (Make Whole Redemption by the Issuer) and 11 (Notices) of the terms and conditions of the Bonds contained in the prospectus relating to the issue of the Bonds which received visa no. 19-268 of the French Autorité des marchés financiers on June 14, 2019 (the 'Prospectus'), notice is hereby given to the Bondholders of the terms of the upcoming redemption: 1. The Optional Redemption Amount has been calculated by the Calculation Agent in accordance with the provisions of Condition 6.4.2 of the Prospectus. In accordance with such Condition, the Optional Redemption Amount is computed using a discount rate equal to the relevant Early Redemption Rate (determined as of 11:00 a.m. (Central European time (CET)) on June 23, 2025) plus an Early Redemption Margin of 0.30 per cent. and plus interest accrued on the Bonds to, but excluding the Optional Make Whole Redemption Date, all as determined by the Calculation Agent. 2. The Early Redemption Rate is 1.8410%. 3. Interest accrued to, but excluding, the Optional Make Whole Redemption Date is €64.73 per €100,000 Bond. 4. The Optional Redemption Amount is €100,526.35 per €100,000 Bond. The Bonds will be delisted from Euronext Paris on the Optional Make Whole Redemption Date. Terms used but not defined herein shall have the meanings ascribed to them in the Prospectus. Attachment SPIE - NOTICE OF REDEMPTION - Bonds due June 18, 2026Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
13-05-2025
- Business
- Reuters
New Fortress Energy pushes quarterly report filing due to delay in Jamaica business sale
May 13 (Reuters) - U.S.-based LNG company New Fortress Energy (NFE.O), opens new tab said on Tuesday it would push its quarterly filing with the U.S. securities regulator due to delay in completing the previously announced sale of its business in Jamaica. In March, Excelerate Energy agreed to buy New Fortress Energy's Jamaica business for $1.06 billion in cash, with the transaction expected to close in the near term. The company began exploring various options last year, which included bringing in strategic partners or selling assets, after it was forced to defer shareholder dividend payments while negotiating with bondholders to address near-term debt maturities. New Fortress added that the extension was partly a result of the resignation of its accounting chief, effective April 29, which diverted time and resources from the routine preparation and review of quarterly reports.
