|
MMC Norilsk Nickel (MNOD)
MMC Norilsk Nickel: NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH
10-Aug-2022 / 19:12 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Company”)
NOTEHOLDERS’ CONSENT SOLICITATION LAUNCH
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
August 10, 2022 — PJSC MMC Norilsk Nickel (LSE: MNOD, MOEX: GMKN) (“Norilsk Nickel”, or the “Borrower”) has today provided separate notices to solicit consents (the “Consent Solicitation”) from the holders of the outstanding U.S.$1,000,000,000 6.625% Loan Participation Notes due 2022, U.S.$1,000,000,000 4.10 % Loan Participation Notes due 2023, U.S.$750,000,000 3.375 % Loan Participation Notes due 2024, U.S.$500,000,000 2.55 % Loan Participation Notes due 2025 and U.S.$500,000,000 2.80 % Loan Participation Notes due 2026 (together the “Notes” and each series of Notes a “Series”), each Series issued by MMC Finance Designated Activity Company (the “Issuer”) for the sole purposes of financing a loan to the Borrower.
In the Consent Solicitation the Borrower seeks the consent of the holders of the Notes to approve certain amendments to the respective Trust Deeds, Terms and Conditions of the Notes, Loan Agreements in relation to the Notes and, if required, Global Certificates, as well as the appointment of the New Trustee.
Noteholders are advised to refer to the Consent Solicitation Memorandum dated 10 August 2022 (the “Memorandum”) for meanings of capitalised terms used in this announcement and not otherwise defined herein, the full terms of the Consent Solicitation and the procedures related thereto.
Consent Solicitation General Terms and Conditions
- Detailed terms and conditions are set out in the Consent Solicitation Memorandum dated 10 August 2022.
- A copy of the Consent Solicitation Memorandum is available at the Consent Solicitation Website upon registration: https://i2capmark.com/event-details/70/Holder/mmc-norilsk-nickel.
- Participation in the Consent Solicitation may only be done by delivery of a Voting Instruction to the Information and Tabulation Agent.
- Only Noteholders who are holders or beneficial owners of the Notes as of the Record Date may submit a Voting Instruction.
- No consent fee shall be payable with respect to the Consent Solicitation.
Transaction Schedule
- Commencement of the Consent Solicitation — 10 August 2022.
- Record Date — 23 August 2022.
- Voting Deadline — 30 August 2022 (4:00 p.m. (London time)).
- Meeting — 1 September 2022 (10.00 a.m. (London time)).
- Announcement of the results – as soon as reasonably practicable after the Meeting and, if applicable, satisfaction (or not) of the Consent Conditions.
Details of the Notes
| Series of Notes |
ISIN / Common Code
(Regulation S Notes) |
ISIN / CUSIP / Common Code
(Rule 144A Notes) |
Outstanding
Principal Amount |
| 2022 Notes |
XS1298447019 / 129844701 |
US55314WAC82 / 55314W AC8 / 129931051 |
U.S.$1,000,000,000 |
| 2023 Notes |
XS1589324075 / 158932407 |
US55315NAA19 / 55315N AA1 / 158932407 |
U.S.$1,000,000,000 |
| 2024 Notes |
XS2069992258 / 206999225 |
US55315NAC74 / 55315N AC7 / 206999225 |
U.S.$750,000,000 |
| 2025 Notes |
XS2134628069 / 213462806 |
US55315NAD57 / 55315N AD5 / 213450344 |
U.S.$500,000,000 |
| 2026 Notes |
XS2393505008 / 239350500 |
US55315NAE31 / 55315N AE3 / 239361927 |
U.S.$500,000,000 |
Announcements in connection with the Consent Solicitation will be disclosed by the Borrower on https://www.nornickel.com/
Copies of all announcements, notices and press releases are available on the Consent Solicitation Website upon registration: https://i2capmark.com/event-details/70/Holder/mmc-norilsk-nickel
In case of any questions and for any further information Noteholders should contact the Information and Tabulation Agent:
i2 Capital Markets Ltd. (the Information and Tabulation Agent)
128 City RoadLondon, EC1V 2NX, United Kingdom
Email: nornickel@i2capmark.com
Phone: +44 20 3633 1212
Questions and requests may also be directed to the Investor Relations Department of PJSC MMC Norilsk Nickel.
PJSC MMC Norilsk Nickel
Investor Relations
15, 1st Krasnogvardeysky Drive, Moscow, 123100, Russia
Email: Eurobond@nornik.ru
Phone: +7 (495) 786 83 20
ABOUT THE COMPANY
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and other products.
The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.
|
