XXI Century Investments Public Limited Posted Restructuring Documents
OREANDA-NEWS. On 29 April 2009 was announced, that further to the announcement of 17 April 2009, XXI Century Investments Public Limited (LSE: XXIC) wishes to advise that the drafts of certain documents related to the proposed restructuring of its USD175 million 10% Guaranteed Secured Notes due 2010 (the "Existing Notes") are now available on the Company's website, www.21.com.ua
On 17 April 2009, the Company announced its plans to restructure its obligations under the Existing Notes through a potential offer (the "Exchange Offer") to exchange the Notes for the U.S. dollar denominated Guaranteed Secured Notes due 2010/2012 (the "New Notes") of XXI Century to be issued together with warrants to subscribe depositary interests representing ordinary shares in XXI Century (the "Warrants") and/or through a modification of the terms of the Existing Notes (the "Proposed Amendments") and, concurrently with the Exchange Offer, to solicit consents from holders of the Existing Notes to approve such amendments to the terms of the Existing Notes at a meeting of holders of Existing Notes (the "Consent Solicitation").
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