Nyrstar - Constructive capital structure discussions and bond coupon deferral
15 Mars 2019 - 7:00AM
Nyrstar - Constructive capital structure discussions and bond
coupon deferral
Regulated Information – Inside Information
Nyrstar - Constructive capital structure discussions and bond
coupon deferral
15 March 2019 at 07:00 CET
Nyrstar NV (“Nyrstar” or the “Company”) refers
to the €350 million Senior Notes due 2019 and €500 million Senior
Notes due 2024, in each case issued by Nyrstar Netherlands
(Holdings) B.V. (the “Issuer”) (collectively, the “Notes”).
As previously announced, the Company is
undertaking a capital structure review and is in constructive
discussions with various of its financial stakeholders on a
restructuring transaction. The economic effect for the shareholders
of Nyrstar NV of the restructuring transaction would be a very
substantial dilution. Under the terms of the Notes, an interest
coupon payment of approximately €31.6 million is due today, 15
March 2019, subject to a discretionary 30 day grace period.
As constructive discussions continue, the Issuer has decided to
defer payment of the interest coupon and to make use of the
applicable grace period under the terms of the Notes.
Nyrstar will provide further updates as
appropriate in due course.
About NyrstarNyrstar is a global
multi-metals business, with a market leading position in zinc and
lead, and growing positions in other base and precious metals,
which are essential resources that are fuelling the rapid
urbanisation and industrialisation of our changing world. Nyrstar
has mining, smelting and other operations located in Europe, the
Americas and Australia and employs approximately 4,100 people.
Nyrstar is incorporated in Belgium and has its corporate office in
Switzerland. Nyrstar is listed on Euronext Brussels under the
symbol NYR. For further information please visit the Nyrstar
website: www.nyrstar.com.
For further information contact:
Anthony Simms - Head
of Investor Relations
T: +41 44
745 8157 M: +41 79 722 2152
anthony.simms@nyrstar.comFranziska Morroni -
Head of
Communications
T: +41 44 745 8295 M: +41 79 719 2342
franziska.morroni@nyrstar.com
- 15 March 2019 announcement
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