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91.1% of DTEK note holders approve company's restructuring proposals
Journal Staff Report

KIEV, April 29 – Holders of $200 million in Ukrainian privately owned energy holding DTEK's loan participation notes maturing on April 28, 2015, have approved the restructuring of the securities according to an alternative scheme of arrangement, DTEK announced in an official statement.

"On March 23, DTEK announced a tender for the restructuring of its eurobonds with the redemption date in late April 2015 due to the unfavorable macroeconomic situation in Ukraine and the energy sector crisis. The tender resulted in 91.14% of eurobond holders who have the right to participate in the tender approving the exchange and the scheme of arrangement. The company used the scheme of arrangement pursuant to the tender documentation. By the ruling of the High Court of Justice of England and Wales, all investors participate in eurobonds' restructuring," the official statement reads.




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