Consent Solicitation for EMIS Finance B.V. Bonds
On July 9, 2025, EMIS Finance B.V. initiated a significant process aimed at obtaining consent from bondholders concerning various proposed changes to the management and structure of its bonds. This solicitation appears to be in response to requests from specific bondholders who are keen on ensuring better governance over their financial instruments.
Background of EMIS Finance B.V.
EMIS Finance B.V. has issued multiple series of bonds, including:
- - Series LPN-26: Amounting to $50 million with an interest rate of 8.75%, maturing on November 7, 2022.
- - Series LPN-31: Also $50 million but with a higher interest rate of 9.50%, maturing on October 15, 2024.
Both series were issued specifically to finance a loan to ABH Ukraine Limited, and they play a crucial role in EMIS Finance's operations. As these bonds approach their maturity dates, effective management of the bond structure becomes increasingly important.
Proposed Changes Under Consideration
The main proposals under consideration during this solicitation include:
1.
Removal of BNY Mellon Corporate Trustee Services Limited as the trustee.
2.
Dismissing The Bank of New York Mellon as the primary paying agent.
3.
Appointment of GLAS Trustees Limited as the new trustee.
4.
Designating GLAS Trust Company LLC as the new principal paying agent.
These changes aim to reorganize the governance of the bonds and improve administrative efficiency. The transition to GLAS Trustees Limited and GLAS Trust Company LLC is expected to bring enhanced expertise to the management of these financial instruments, potentially benefiting bondholders significantly.
Next Steps for Bondholders
Bondholders who wish to participate in the consent process are encouraged to register at
GLAS Agency to access the relevant documentation and details surrounding the proposals. It is essential for holders of these securities to stay informed and actively engage in this solicitation to ensure that their interests are adequately represented.
Conclusion
This consent solicitation marks an important step for EMIS Finance B.V. and its bondholders as it seeks to address governance and administrative aspects pivotal to the future performance of its bonds. As financial landscapes evolve, the ability to adapt and optimize management structures becomes vital for maintaining investor confidence and ensuring effective financial stewardship.
To access the solicitation documents and keep abreast of any updates, bondholders can visit the designated GLAS webpage or contact the issuing agency directly.
For additional inquiries, EMIS Finance B.V. has made available the contact details of GLAS Specialist Services Limited at the address below:
GLAS Specialist Services Limited
55 Ludgate Hill, Level 1, West
London, England, EC4M 7JW
Email: [email protected]
Phone: +44 (0)20 3597 2940
This initiative signifies a proactive approach by EMIS Finance to enhance bondholder relations and ensure long-term operational success in a complex financial environment.