Oi holders vote to amend €400 million 6¼% notes issued by PT Portugal

By Susanna Moon

Chicago, May 19 – Oi SA said that holders voted by 95.78% to amend the €400 million 6¼% notes due 2016 issued by PT Portugal, SGPS, SA.

The meeting was held Tuesday in Lisbon, adjourned from May 4 because there was a lack of quorum, according to a company notice.

The notes are guaranteed by Oi.

There was €185,261,000 of notes represented at the meeting, of which holders of €176,961,000 of notes voted to pass the measure. Holders of €495,000 abstained from voting.

The solicitation agents are BofA Merrill Lynch (kulwant.bhatti@baml.com, +44 207 995 2929, Kulwant Bhatti), Santander Global Banking & Markets (tommaso.grospietro@santandergbm.com and ptconsent@santandergbm.com, +44 20 7756 6909 or +351 21 370 43 60) and BESI (dcm@espiritosantoib.pt, + 351 21 319 6904).

Lucid Issuer Services Ltd. (pt@lucid-is.com, +44 0 20 7704 0880, Yves Theis / Thomas Choquet) is the tabulation agent. Citibank NA (ppapayments@citi.com, +3531622 2210) is the principal paying agent.

Oi SA, formerly Brasil Telecom SA, is a Rio de Janeiro-based holding company that provides switched fixed-line telephony services.

© 2015 Prospect News.
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