innogy sets adjourned meetings for 2021, 2025 noteholders on Oct. 9

By Marisa Wong

Los Angeles, Sept. 16 – innogy Finance BV announced it will hold adjourned meetings for its 6.5% notes due August 2021 (ISIN: XS0412842857) and its 1% notes due April 2025 (ISIN: XS1595704872) on Oct. 9.

The meeting for the 2021 notes is scheduled for 5 a.m. ET on Oct. 9, and the meeting for the 2025 notes will start at 7 a.m. ET on Oct. 9.

As previously reported, innogy successfully solicited consents for 15 series of notes and but failed to achieve a quorum for the August 2021 and April 2025 notes.

Extraordinary resolutions announced in a solicitation memorandum dated Aug. 13 were passed via a vote without meeting that ran from Sept. 4 through Sept. 11 for the following series, according to a previous notice:

• April 2021 notes (ISIN: XS0127992336);

• July 2022 notes (ISIN: XS0437307464);

• November 2022 notes (ISIN: XS1829217428);

• December 2023 notes (ISIN: XS0170732738);

• January 2024 notes (ISIN: XS0982019126);

• May 2026 notes (ISIN: XS1829217345);

• October 2027 notes (ISIN: XS1702729275);

• July 2029 notes (ISIN: XS1761785077);

• June 2030 notes (ISIN: XS0147048762);

• February 2033 notes (ISIN: XS0162513211);

• April 2033 notes (ISIN: XS0909427782);

• January 2034 notes (ISIN: XS0735770637);

• July 2039 notes (ISIN: XS0437306904);

• December 2042 notes (ISIN: XS0858598898); and

• February 2043 notes (ISIN: XS0887582186).

A consent fee of 0.05% will be paid for each series.

Reduced requirements to form a quorum of holders of at least 25% of the principal amount of notes outstanding apply to the adjourned meetings. To be passed, an extraordinary resolution requires a majority of at least 75% of the votes cast in favor of the proposed amendments.

Following the acquisition of innogy by E.ON Group and implementation of a merger squeeze-out, innogy became part of E.ON Group and is being fully integrated, according to a prior notice.

As part of this integration process, E.ON Group has started to centralize all financing and reporting activities of the group. E.ON said it wishes to ensure bondholders are treated fairly and offered innogy bondholders to move to the same level and status as E.ON bondholders through the consent solicitation.

Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.europe@citi.com) and NatWest Markets NV (+44 20 7085 6124 or liabilitymanagement@natwestmarkets.com) are the solicitation agents.

Lucid Issuer Services Ltd. (+44 20 7704 0880 or innogy@lucid-is.com) is the tabulation and voting agent.

The energy company is based in Essen, Germany.

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