Relevant Information. On business and financial situation
March 23, 2023
OBRASCÓN HUARTE LAIN, S.A. (“OHLA” or the “Company”), pursuant to article 227 of the consolidated text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October, hereby notifies the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) (“CNMV”) the following
RELEVANT INFORMATION
Following the communication of other relevant information published by the Company on 9 March 2023 (with official registry number 21,222) the Company announces that on the date hereof the Company’s subsidiary OHL Operaciones, S.A.U. (the “Issuer”) has decided to amend the terms of the consent solicitation memorandum published by the Issuer on 9 March 2023 (the “Consent Solicitation Memorandum”) by means of which it requested holders of its €487,266,804 Split Coupon Senior Secured Notes due 2026 (ISIN: XS2356570239)/ (ISIN: XS2356571120) (the “Notes” and the “Noteholders”) their approval to certain consents and waivers to the terms of the Intercreditor Agreement and the terms and conditions of the Notes. For this purpose the Issuer has made available a supplement to the Consent Solicitation Memorandum on 23 March 2023 (the “Supplement”):
(1) setting out a consent fee of (i) 0.25% of the nominal amount of the Notes that are the subject of the Electronic Consent Instruction to Noteholders from whom a valid Electronic Consent Instruction in favour of the Extraordinary Resolution (as these terms are defined in the
Consent Solicitation Memorandum) is received at or prior to 5 April 2023 (the “Early Voting Deadline”) (and not revoked), or (ii) 0.10% of the nominal amount of the Notes that are the subject of the Electronic Consent Instruction to Noteholders from whom a valid Electronic
Consent Instruction in favour of the Extraordinary Resolution is received later than the Early Voting Deadline but prior to the deadline for submission by Noteholders of Electronic Consent Instructions (and not revoked); and
(2) extending the deadline for submission by Noteholders of Electronic Consent Instructions which is set to 5:00 p.m. (Central European Time) on 12 April 2023, unless further extended, re-opened or terminated as provided in the Consent Solicitation Memorandum.
Noteholders can obtain a copy of the Consent Solicitation Memorandum and the Supplement from The Bank of New York Mellon SA/NV Dublin Branch.
ADDITIONAL INFORMATION
The following contact details have been provided for Noteholders to request any information or clarifications regarding the Consent Solicitation Memorandum:
Tabulation Agent:
The Bank of New York Mellon SA/NV Dublin Branch
Riverside Two
Sir John Rogerson’s Quay
Dublin 2
Ireland
For information by telephone: + (44) 0 1 202 689 644
Attention: Debt Restructuring Services
Email: debtrestructuring@bnymellon.com
Madrid 23 March 2023.