Sound Energy seeks consents to push payments to maturity date

Chicago, Nov. 3 – Sound Energy plc scheduled a noteholder meeting to modify the terms of its €28.8 million 5% senior secured notes due 2027 (ISIN: XS1434582885), according to an announcement.

The extraordinary resolution will modify interest payments so that payments from June 21, 2021 to Dec. 21, 2027 will include 40% paid quarterly and then the other 60% deferred to the redemption date. It is not paid in kind interest and there would be no interest on the deferred payments.

The meeting to vote on the extraordinary resolution will be held at the offices of Fieldfisher LLP in London at 5 a.m. ET on Nov. 20.

The quorum required to pass the resolution is one or more persons representing 75% of the principal amount of notes.

Of those present, three-quarters of the votes cast must be in favor for the resolution to pass.

Participants may gather via video conference upon request.

D.F. King & Co., Inc. is the solicitation agent for the offer (+44 207 920 9700, SoundEnergy@dfking.com, https://www.dfkingltd.com/Sound-Energy).

Sound Energy is an oil and gas exploration and production company based in Sevenoaks, England.

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