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JSC “Ukrzaliznytsia” closes the consent solicitation process in relation to the 2021 Notes Public Joint Stock Company “Ukrainian Railway” (the “Company”) is pleased to announce that on 26 December 2016, the National Bank ofUkraine registered the amendments to the amended and restated loan agreement dated 19 February 2016 contemplated by the amendment deed dated 20 December 2016.
JSC “Ukrzaliznytsia” (hereunder – “Ukrzaliznytsia” or “Company”) informs, that performed operation concerned to attract financing from one of the biggest state-owned banks Joint Stock Bank “Ukrgasbank” (hereunder – “Ukrgasbank”) has been successfully completed by execution of the relevant loan agreement on 27.12.2016.
On December 20, Ukrainian Parliament adopted the law “On Amendments to Certain Ukrainian Legal Acts concerning Railway Enterprises with Property Located on the Anti-Terrorist Operation Territory”. This law temporarily sets up the moratorium on foreclosure upon the assets of JSC “Ukrzaliznytsia” (the Company) due to obligations of railway enterprises, whose property is located on the Anti-Terrorist Operation (ATO) territory. In particular, this law protects the Company from enforcement under obligations of SE “Donetsk Railway” (the Donetsk Railway).
NOTEHOLDERS APPROVE EXTRAORDINARY RESOLUTION IN RELATION TO THE U.S.$500 MILLION LOAN PARTICIPATION NOTES DUE 2021
Public Joint Stock Company “Ukrainian Railway” (the “Company”) is pleased to announce that holders of the U.S.$500,000,000 9.875 per cent. Loan Participation Notes due 2021 (the “2021 Notes”) issued by Shortline plc (the “Issuer”) approved the Extraordinary Resolution set out in the consent solicitation memorandum dated 22 November 2016 at the noteholders’ meeting that took place on 7 December 2016.
PUBLIC JOINT STOCK COMPANY “UKRAINIAN RAILWAY” has commenced a consent solicitation in relation to the U.S.$500,000,000 9.5 per cent. loan participation notes due 2018 issued by SHORTLINE PLC. More detailed information can be found in the announcement and investor presentation.