US EditionOCI Global Announces Agreement with Bondholders
- OCI Global announced a support agreement with the Bondholder Group regarding U.S. $600,000,000 bonds due in 2033.
- The Bondholder Group holds over 60% of the total outstanding principal amount of the bonds and agrees to support a tender offer from OCI following the MetCo Transaction.
- OCI will launch a tender offer within five business days after the MetCo Transaction's closing, offering 110.75% of par plus accrued interest.
- Hassan Badrawi, CEO of OCI, expressed satisfaction with the agreement, stating it allows for an orderly pay down of their capital structure.
25 Articles
25 Articles
Rutland Herald
OCI Global Announces Agreement with Bondholders
AMSTERDAM, April 8, 2025 /PRNewswire/ -- OCI Global (Euronext: OCI) a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement (the "Support Agreement") with a group of holders (the "Bondholder Group") of…
Latest News OCI Global Announces Agreement with Bondholders - Businessfortnight
AMSTERDAM, April 8, 2025 /PRNewswire/ — OCI Global (Euronext: OCI) a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement (the “Support Agreement”) with a group of holders (the “Bondholder Group”) of its U.S.$ 600,000,000 6.700 per cent Notes due 2033 (the “Bonds”), relating to the treatment of the Bonds following the completion of the announced sale of OCI’s Global Methanol Busines…
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