Regulated Information – Inside Information
Nyrstar - Constructive capital structure discussions and bond coupon deferral
15 March 2019 at 07:00 CET
Nyrstar NV (“Nyrstar” or the “Company”) refers to the €350 million Senior Notes due 2019 and €500 million Senior Notes due 2024, in each case issued by Nyrstar Netherlands (Holdings) B.V. (the “Issuer”) (collectively, the “Notes”).
As previously announced, the Company is undertaking a capital structure review and is in constructive discussions with various of its financial stakeholders on a restructuring transaction. The economic effect for the shareholders of Nyrstar NV of the restructuring transaction would be a very substantial dilution. Under the terms of the Notes, an interest coupon payment of approximately €31.6 million is due today, 15 March 2019, subject to a discretionary 30 day grace period. As constructive discussions continue, the Issuer has decided to defer payment of the interest coupon and to make use of the applicable grace period under the terms of the Notes.
Nyrstar will provide further updates as appropriate in due course.
About Nyrstar
Nyrstar is a global multi-metals business, with a market leading position in zinc and lead, and growing positions in other base and precious metals, which are essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Nyrstar has mining, smelting and other operations located in Europe, the Americas and Australia and employs approximately 4,100 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website: www.nyrstar.com.
For further information contact:
Anthony Simms - Head of Investor Relations T: +41 44 745 8157 M: +41 79 722 2152 anthony.simms@nyrstar.com
Franziska Morroni - Head of Communications T: +41 44 745 8295 M: +41 79 719 2342 franziska.morroni@nyrstar.com
Attachment
