This announcement and any other documents or materials relating to the Debt Obligation Remarketing is not being made, and have not been approved, by an authorised person for the purposes of section 21 of Financial Services and Markets Act 2000 ("FSMA"). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. Such documents and/or materials are only directed at and may only be communicated to (1) any person within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (which includes a creditor or member of the Issuer), and (2) any other persons to whom these documents and/or materials may lawfully be communicated in circumstances where section 21(1) of the FSMA does not apply.
EA PARTNERS II B.V.
$500,000,000 6.750% Notes due 2021 (the "Notes")
11 April 2018
This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Unless otherwise defined in this notice, terms used herein will bear the meanings given in the Issuer's Offering Memorandum dated 26 May 2016.
Debt Obligation Remarketing
The Issuer refers to its announcement of 27 March 2018 regarding the commencement of the Debt Obligation Remarketing (the "27 March Notice"). Prior to the 27 March Notice, Dare Holdings SA has informed the Issuer pursuant to a delegation agreement dated 21 March 2018, and in accordance with the Agency Agreement, it has delegated certain of its rights, duties and obligations to effect the Debt Obligation Remarketing to Kession Capital Limited, a firm authorised and regulated by the Financial Conduct Authority in the United Kingdom.
As explained in the 27 March Notice, the Issuer understands that the Debt Obligation Remarketing process has commenced. Any party wishing to indicate interest in participating in the Debt Obligation Remarketing and/or who has any queries in relation to the same should email [email protected] or visit www.dare-holdings.com.
The Issuer and its advisers will continue to monitor the terms of, and circumstances surrounding, the Debt Obligation Remarketing relating to the Alitalia Notes and the Air Berlin Debt Obligation and shall provide further updates on the Debt Obligation Remarketing as it obtains additional information.
Debt Assumption Agreement
The Issuer notes that it has been the subject of a number of requests for further information from certain Noteholders in relation to (i) a purported debt assumption agreement between Alitalia - Societa Aerea Italiana S.p.A. ("Alitalia") and Etihad Investment Holding Company LLC (the "Debt Assumption Agreement"), and (ii) a report released by Reorg Research on 6 April 2018 in relation to the Debt Assumption Agreement (the "Reorg Report"). The Issuer notes that it is not party to the Debt Assumption Agreement and has not been involved in the preparation or publication of the Reorg Report.
The Issuer re-iterates the information disclosed by it in the notices dated 5 May 2017 and 11 May 2017 respectively, and that it has not received any additional information on the Debt Assumption Agreement since such notices were published or any communication from Alitalia or its insolvency commissioners in relation to the same or the matters described in the Reorg Report.
Etihad Airways Group
In addition to the foregoing, the Issuer also notes that it has received requests for further information from certain Noteholders in relation to the ownership structure of Etihad Airways and each of the other Obligors. The Issuer however does not have any information on this subject.
For queries relating to the above, holders of the Notes who are able to verify their holdings may contact the Issuer at:
EA Partners II B.V.
De Cuserstraat 91, 1081
CN Amsterdam, The Netherlands
Attention: EA Partners II B.V.
Tel: + 31 20 303 47 61
Email: [email protected]
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
This information is provided by RNS