PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN; LSE: MMK)
notifies on the further extension of the Consent Solicitation for its
outstanding U.S.$500,000,000 4.375 per cent. Guaranteed Notes due
On 6 June 2022, PJSC Magnitogorsk Iron & Steel
Works (the “Guarantor”) announced a consent solicitation in
relation to the outstanding U.S.$500,000,000 4.375% Notes due 2024
issued by MMK International Capital DAC (the “Issuer”) ISIN:
XS1843434959 (Regulation S) / US553142AA88 (Rule 144A); Common Code:
111730628 (Regulation S) / 111730628 (Rule 144A Common code)) (the
“Notes”) on the terms and subject to the conditions set forth in
the Consent Solicitation Memorandum dated 6 June 2022 (the “Consent
Solicitation Memorandum”). On 9 June 2022, the Guarantor extended
the Consent Deadline from 9 June 2022 (4 p.m. (London time)) to 16
June 2022 (4 p.m. (London time)), and on 17 June 2022, the Guarantor
further extended the Consent Deadline from 16 June 2022 (4 p.m.
(London time)) to 30 June 2022 (4 p.m. (London time)). Capitalized
terms used, but not defined herein, shall have the meanings given to
them in the Consent Solicitation Memorandum.
In response to requests received from several
Noteholders for additional time needed to complete internal
procedures the Guarantor hereby notifies the Noteholders that it has
decided to further extend the Consent Deadline from 30 June 2022 (4
p.m. (London time)) to 13 July 2022 (4 p.m. (London time)) (the “New
Amendments to the Consent Solicitation are limited
to the New Consent Deadline, as outlined above. All other terms of
the Consent Solicitation will remain the same.
The Guarantor strongly encourages those
Noteholders that have not yet participated in the Consent
Solicitation to liaise at their earliest convenience with its
Investor Relations department and/or Rybalkin, Gortsunyan, Dyakin and
Partners Advocates Bureau (“RGD”) directly to obtain a copy of
the Consent Solicitation Memorandum and to discuss other related
matters. Noteholders who have already delivered Consent Instructions
in the Consent Solicitation will be deemed to have consented to the
Amendments unless they validly revoke their Consents prior to the
earlier of the Effective time and the New Consent Deadline.
All documentation relating to the Consent
Solicitation, together with any updates, will be available upon
request to RGD at MMKconsentsolicitation2022@rgd.legal.
In your communique, please also confirm the aggregate notional amount
of the Notes that you hold and the location of the depository.
Noteholders may contact RGD via email at
if they require assistance.
Should the Noteholders have any additional
questions, please contact with the Guarantor’s Investor Relations
department via email at: email@example.com.