Important Announcement for Bondholders of UAB 'Orkela'
We are reaching out to inform all bondholders of UAB 'Orkela' about an upcoming bondholders' meeting that has been initiated by the company. This essential gathering is aimed at discussing critical updates concerning the company's bond issue.
Details of the Bondholders' Meeting
The meeting is scheduled to convene, and the exact date has been set for early January 2025. While the precise venue will be communicated separately to the bondholders, we can confirm the time: the meeting will commence at 10:00 AM local time.
Purpose of the Meeting
The primary agenda of this meeting is to address ongoing negotiations regarding the refinancing terms of the bond issue. UAB 'Orkela' has been in discussions with financial institutions to secure favorable terms for the bondholders.
Proposed Amendments to Bond Terms
As part of this effort, the company is proposing to extend the redemption date of the bonds by an additional six months. The current redemption date, originally set for January 19, 2025, would be moved to July 19, 2025. Additionally, UAB 'Orkela' will offer a revised interest rate of 8% for this final interest period. This proposal is designed to provide financial stability and reassure bondholders of UAB 'Orkela's commitment.
Significance of Bondholder Participation
We strongly encourage all bondholders to mark their calendars for this meeting, as your input is critical. Each bondholder's participation and decision-making will significantly influence the future direction of UAB 'Orkela' in relation to its financial obligations.
Advance Voting Options
If you are unable to attend the meeting in person, there is an option to vote in advance. This involves completing a voting ballot that must be submitted to the trustee by a specified deadline. The completed documents can be delivered in person or sent via registered mail, ensuring every bondholder has a voice in this important process.
Stay Informed and Engaged
For those who might have questions regarding the meeting or any proposals, there are dedicated channels available for communication. UAB 'Orkela' and its trustee are prepared to assist any bondholder with inquiries about the agenda or the process leading up to the meeting.
Documentation for Reference
A comprehensive notice will be provided to all bondholders, including the official agenda, proposed decisions, and voting procedures. This will ensure that everyone has access to the same information and can make informed choices during the meeting.
Frequently Asked Questions
What is the date of the bondholders' meeting?
The bondholders' meeting is set to take place in early January 2025, at 10:00 AM.
What is the purpose of the upcoming meeting?
The meeting aims to discuss refinancing terms for the bonds and to vote on extending the redemption date.
How can bondholders vote if they can't attend the meeting?
Bondholders can vote in advance by completing a voting ballot, which must be submitted to the trustee by the specified deadline.
What are the proposed changes to the bond terms?
UAB 'Orkela' is proposing to extend the redemption date to July 19, 2025, and increase the interest rate to 8% for the final period.
Where can I find more information about the meeting?
Further details, including the notice and other important documents, will be shared with bondholders ahead of the meeting date.
