DME Airport announces success of consent bid related to 5.35% notes

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – DME Airport DAC announced the results of the consent solicitation pertaining to its $453 million of 5.35% loan participation notes due 2028 (ISINs: XS2278534099, US23291QAA04), according to an announcement.

The solicitation, which was announced on Nov. 10, was put to a vote and passed by noteholders at a meeting held on Dec. 4, and an extraordinary resolution containing the amendments sought became effective, DME reported.

The amendments were geared toward facilitating a solvent corporate reorganization that the group is considering, which would relocate its holding center to Cyprus from Russia.

To establish a quorum, one or more persons holding at least a clear majority of the principal amount of the notes had to be represented at the meeting. For the extraordinary resolution to pass, at least 75% of the principal amount of the outstanding notes represented at the meeting had to vote in favor of the changes.

No consent fee was payable in connection with the solicitation.

i2 Capital Markets Ltd. (+44 20 3633 1212 or dme@i2capmark.com) is the information and tabulation agent.

Dublin-based DME manages, operates and develops Domodedovo airport in Moscow.

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