EQS-News

Metalcorp Group S.A.: Information on the capitalization of the interest payment as of 30 September 2023 under the 8.5% notes 2017/2023 and on the status of the restructuring

EQS-News: Metalcorp Group S.A. / Key word(s): Bond Metalcorp Group S.A.: Information on the capitalization of the interest payment as of 30 September 2023 under the 8.5% notes 2017/2023 and on the status of the restructuring 28.09.2023 / 15:45 CET/CEST The issuer is solely responsible for the content of this announcement. Metalcorp Group S.A.: Information on the capitalization of the interest payment as of 30 September 2023 under the 8.5% notes 2017/2023 and on the status of the restructuring Luxembourg, 28 September 2023 – Metalcorp Group S.A. informs the holders of the EUR 69,885,000.00 8.5% notes 2017/2023 (ISIN: DE000A19MDV0) in connection with § 4 (a) of the terms and conditions of the Notes (Interest), as amended pursuant to the resolution on agenda item 2 of the second noteholders’ meeting held on 16 June 2023, that with regard to the interest payment as of 30 September 2023, it will exercise its right to capitalize the interest payable under Interest Coupon II ("PIK Interest") so that the unpaid interest is added to the nominal amount per Note. In this regard, it has submitted a corresponding declaration to the joint representative. The exchange of the Notes into acquisition rights for (i) one new bond issued by a subsidiary of Ferralum Metals S.A. (“Ferralum”) against payment of an issue amount (ii) one new bond of Ferralum and two new bonds of a subsidiary of Metalcorp Group S. A. without payment of an issue amount is currently not yet executable, as the relevant conditions precedent for the execution, in particular the finalization of the terms of the new bonds and the approval of the final restructuring concept by the holders of the EUR 300 million notes 2021/2026, have not yet occurred. However, the Company expects that the agreement with the joint representative, the ad hoc group of holders of the 2021/2026 notes and Ferralum will be reached shortly, so that the convening of the vote of the holders of the note 2021/2026 notes can then also take place promptly. The IDW S 6 expert opinion on the Ferralum group required for finalizing the terms and conditions of the new bonds is now available in draft form and has been included in the negotiations.