Seat Pagine Gialle agent delivers notice on restructuring completion

By Caroline Salls

Pittsburgh, Dec. 15 – Seat Pagine Gialle SpA received a notice from security agent Royal Bank of Scotland plc, Milan branch regarding the completion of the concordato preventivo restructuring procedures of Seat and Seat Pagine Gialle Italia SpA, according to a news release.

In particular, the notice deals with the distribution of Telegate AG shares owned by Telegate Holding GmbH and relevant past dividends to secured creditors, including holders of Seat’s €550 million principal amount of 10½% senior secured notes, €200 million principal amount of 10½% senior secured notes and €65 million principal amount of 10½% senior secured notes.

The bank has requested that Seat publish the notice on its website to disseminate the information to the relevant creditors.

Seat Pagine Gialle is a yellow pages company based in Torino, Italy.

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