Metinvest went to the US Bankruptcy Court

Metinvest went to the US Bankruptcy Court

18.01.2016 News

Metinvest went to the US Bankruptcy CourtUS Bankruptcy Court in Delaware will consider the appeal of the Metinvest company about the restructuring of Eurobonds.

US Bankruptcy Court in Delaware appointed for February 9 meeting on the treatment Metinvest BV (Netherlands), the parent company of Ukrainian mining and metallurgical group Metinvest to authorize the US proposal for the restructuring of its Eurobonds for $ 1.125 billion.

According to the message of Metinvest on the website of the Irish Stock Exchange, any objections or responses to the treatment will be accepted until February 2.

In addition, Metinvest asked the court to recognize that this proposal is preliminary. The meeting of this appeal is scheduled for January 29. Any objections or replies to it are accepted until January 26.

As reported, the Supreme Court of England and Wales (High Court of Justice of England and Wales) at the January, 13 allowed Metinvest BV to convene January 27, 2016 meeting of bondholders totaling $ 1.125 billion, regarding the restructuring of the securities.

The decision concerns the owners of Eurobonds for $ 85 million with maturity in 2016, for $ 289.734 million with maturity in 2017 and $ 750 million with maturity in 2018.

Metinvest, caught in a crisis situation with declining steel prices, malfunction of their businesses because of the military operations in eastern Ukraine, suggested earlier the holders of the three editions of its Eurobonds to agree on introduction to May 27, 2016 moratorium on payments on these securities and negotiate on their restructuring.

Metinvest offers to pay the holders of Eurobonds $ 1.25 premium for each $ 1 thousand nominal value of Eurobonds for their support and offer the same amount, if till April 1, 2016 will not be reclaimed pre-term termination of the moratorium.

Metinvest  group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States. The main shareholders of “Metinvest” are the group “SCM” (71.24%) and “Smart-Holding” (23.76%), co-management of the company.

Source: delo.ua

Other articles

  • Tesla is recalling 50,000 vehicles
    News

    Tesla is recalling 50,000 vehicles

    Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]

  • Coca-Cola’s net profit for 9 months decreased by 9%
    News

    Coca-Cola’s net profit for 9 months decreased by 9%

    The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]

  • Intel’s net profit for 9 months increased by 6.3%
    News

    Intel’s net profit for 9 months increased by 6.3%

    Net profit of the American company Intel, one of the world’s largest manufacturers of computer components, in the first nine months of 2020, which ended on September 26, rose from 6.3% to $ 15.042 billion, according to the company press release. Adjusted earnings per share for the reporting period were $ 3.52 against $ 3.14 […]

  • Trump announced the release of the COVID-19 vaccine in the shortest possible time
    News

    Trump announced the release of the COVID-19 vaccine in the shortest possible time

    The United States plans to announce the readiness of the American vaccine against the coronavirus infection COVID-19 in the near future. The promise was made on Thursday by US President Donald Trump during the final round of election debates with the Democratic candidate Joe Biden at Belmont University in Nashville, Tennessee. This was reported by […]

  • Netflix reported a slowdown in the number of new subscribers
    News

    Netflix reported a slowdown in the number of new subscribers

    The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading. For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 […]

  • Nokia has become a 5G supplier for Telia in Scandinavia and the Baltics
    News

    Nokia has become a 5G supplier for Telia in Scandinavia and the Baltics

    Finnish corporation Nokia will supply about 7.5 thousand 5G transmitters for Telia in Finland, Scandinavia and the Baltics, the equipment supplier said on Wednesday. Telia is a telecommunications company. The headquarters is located in Stockholm. The company’s largest shareholders are the governments of Sweden (37.3%) and Finland (11.7%). The company serves all government communications resources […]

  • The UN has estimated the scale of the decline in world trade in 2020
    News

    The UN has estimated the scale of the decline in world trade in 2020

    Global trade turnover in 2020 will decrease by 7-9%. This was announced on Wednesday, October 21, by the RBC-Ukraine news agency with reference to the report of the UN Conference on Trade and Development UNCTAD. The decline in trade has occurred in all regions of the world due to quarantine restrictions, the report said. They […]

  • The founder of Microsoft announced when the drug from COVID-19 will appear
    News

    The founder of Microsoft announced when the drug from COVID-19 will appear

    The coronavirus epidemic in the world will intensify by the end of this year due to the seasonality of the infection, but in early 2021 the situation will improve. This opinion was expressed by the head of Microsoft Bill Gates at the virtual conference GeekWire Summit. This was reported by Inc. “The good news is […]

Read also

Metinvest went to the US Bankruptcy Court
News

SpaceX has postponed the launch of the 12th group of Starlink satellites

American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]

Next
Metinvest went to the US Bankruptcy Court
News

Ukrainian startup TripMyDream was acknowledged as the best travel-startup in the world and will receive investments up to $ 500,000

In Lausanne (the Swiss city) took place  the final of the international start-up competition Seedstars Summit 2016 in which the best tourist startup in the world was chosen. The main prize, the investment of up to $ 500,000 received the Ukrainian company TripMyDream. The team fought for the title of winner among the ten finalists, […]

Next
Metinvest went to the US Bankruptcy Court
News

The Cofco Corporation will launch a grain terminal in Ukraine

The Cofco Agri Ukraine Company, which belongs  to the Chinese Cofco Corporation is one of the largest global manufacturers and suppliers of agricultural products and foodstuffs, will officially launch the terminal in Mykolaiv sea port on May 19. This is reported by the “Interfax-Ukraine” with reference to the company’s message. This terminal is one of […]

Next
Metinvest went to the US Bankruptcy Court
News

10 Things to Stop Doing Right Now if You Want to Be Successful in 2017

A new calendar year always offers an opportunity for a fresh start and provides an additional pinch of motivation to banish some habits that have stopped serving you well (did they ever?). Here are 10 things to leave behind to foster a stronger, happier, more successful you in 2017. (Entrepreneur) 1. Procrastinating on your goals  […]

Next
Metinvest went to the US Bankruptcy Court
News

The court found guilty the NBU of bankruptcy of the “Ukrgazprombank”

March, 14 Kyiv District Administrative Court declared illegal inactivity of the regulator in relation to the “Ukrgazprombank”, which was declared insolvent in 2015, and now goes into liquidation. The lawsuit was filed by one of the contributors of the Ukrgazprombank – “Trading House Sanko” LLC , writes the  FinClub. In August 2014 the company has […]

Next
Metinvest went to the US Bankruptcy Court
News

Cargill lost in court in the case of the Delta

The Cargill chances to prove the legitimacy of the withdrawal of assets from the Delta Bank in the amount of 2.5 billion USD are reducing. Yesterday, the Supreme Commercial Court partially satisfied the cassation of the liquidator Delta Bank, canceled the previous court decisions on the loan company “Yablunevyi dar” and returned the case in […]

Next
Metinvest went to the US Bankruptcy Court
News

In the United States, the victim of hackers was one of the largest companies of the medical services

The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]

Next
Metinvest went to the US Bankruptcy Court
News

The USA court has forbidden the UMH to use the brand “Forbes”

International Court of Arbitration in New York in a dispute between the  UMH – the Ukrainian publisher of “Forbes Ukraine” magazine,  and the Forbes Media, LLC American publishing house ruled in favor of the latter on April, 20, and revoked the license of Forbes Ukraine, said in Forbes Media, LLC  to the publication LІGA.net UMH […]

Next
Metinvest went to the US Bankruptcy Court
News

French media group Publicis will invest in 90 StartUps, including from Ukraine

Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project.  One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: ​​ to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]

Next
Metinvest went to the US Bankruptcy Court
News

BMW will pay $ 18 million fine for distorting sales figures

BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA. According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve […]

Next
Metinvest went to the US Bankruptcy Court
News

Ukrainian IT-company GOS Systems enters the world market

In 2015, the Ukrainian IT – industry has proved to be one of the most profitable invested by the West. Despite the difficult economic and political processes in the country, the domestic business is developing and coming out to the world market. Recently, the domestic company GOS Systems reported that it launches the project in […]

Next
Metinvest went to the US Bankruptcy Court
News

General Motors introduced the concept of electric car

Automaker General Motors has introduced the Buick Electra Concept. The electric car is designed for four people and has a minimalist design. The car can travel more than 660 km without recharging. It takes 4.3 seconds to accelerate to 100 km / h. The total power of the two engines reaches to 583 horsepower. It […]

Next
Metinvest went to the US Bankruptcy Court
News

Deutsche Bank staff questioned as part of Libor investigation

Current and former Deutsche Bank staff have been questioned by the Serious Fraud Office in recent weeks in relation to the investigation into Libor rate-rigging. Traders have been interviewed about the manipulation of the London interbank offered rate and its euro counterpart, Bloomberg has reported. The interviews come shortly after the conviction of former UBS […]

Next
Metinvest went to the US Bankruptcy Court
Analytics

Sweden is a country with a dynamic economy

Everyone has heard about Sweden from childhood, as it was Stockholm where the well-known fairytale heroes The Kid and Carlson lived. Let’s add here favorite of all IKEA, the band ABBA, cars of Volvo and Scania, companies like Spotify, Ericsson, H&M, Electrolux and μTorrent – the vision of the nation is made up of pieces.  […]

Next
Metinvest went to the US Bankruptcy Court
News

The Commission on Securities and Stock Market of Ukraine suspended the licenses of “Ukrainian Stock Exchange”

The Law of Ukraine “On licensing certain types of economic activity” valid from the 28th of June 2015 states that economic entities may be deprived of licenses if they are controlled by the aggressor country. On the 17th of November 2015 the Commission has deprived a license from “Ukrainian Exchange”, because it is a subsidiary […]

Next
Metinvest went to the US Bankruptcy Court
News

The NBU announced “Fidobank” as a bankrupt

The Deposit Guarantee Fund of individuals introduced a temporary administration in “Fidobank”. It is reported by the press service of the Fund. The decision was made on the base of the decision of the National Bank of Ukraine (NBU) on  May 20 to classify “Fidobank” to the category of the insolvent. Earlier, “Fidobank” reported about […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com