Extension of Consent Solicitation MHP SE

LONDON, Oct. 5, 2018 /PRNewswire/ -- MHP SE (the "Company") notifies holders (the "Holders") of the outstanding U.S.$79,417,000 8.25% Notes due 2020 issued by the Company (Regulation S Notes: Common Code 078395044/ ISIN USL6366MAC75/ CUSIP L6366MAC7; Rule 144A Notes: Common Code 078395079/ ISIN US55302TAC99/ CUSIP 55302TAC9) (the "Notes") that it has extended the consent solicitation (the "Consent Solicitation") made pursuant to the consent solicitation memorandum dated September 20, 2018 (the "Consent Solicitation Memorandum") with respect to certain proposed amendments (the "Proposed Amendments") to the Indenture and the Notes. Capitalized terms used but not defined in this announcement have the same meaning ascribed to them in the Consent Solicitation Memorandum.

The Consent Solicitation, which was previously scheduled to expire at 5:00 p.m. (New York time) on October 4, 2018, has been extended to expire at 5:00 p.m. (New York time) on October 12, 2018, unless further extended or earlier terminated (such date and time, as the same may be extended or earlier terminated, the "New Expiration Time"). The Consent Settlement Date, which was previously scheduled for October 9, 2018, has been rescheduled for October 17, 2018 (the "New Consent Settlement Date").

In addition, the Issuer is amending the amount of the Consent Payment. The previous Consent Payment of U.S.$5.00 for each U.S.$1,000 in principal amount of the Notes is now amended to be U.S.$10.00 for each U.S.$1,000 in principal amount of the Notes (the "New Consent Payment").

Amendments to the Consent Solicitation are limited to the New Expiration Time, the New Consent Settlement Date and the New Consent Payment, as outlined above. All other terms of the Consent Solicitation will remain the same. Holders who have previously delivered Consents and have not revoked their Consents on or prior to the Expiration Time need not take any further action in order to receive the New Consent Payment (if and when it becomes payable) if the Consent Solicitation is successful.

As of 5:00 p.m. (New York time) on October 4, 2018, the Company had secured Consents from Holders representing 24.4% of the outstanding principal amount of the Notes, and it had received confirmations of support for the Consent Solicitation and the Proposed Amendments, subject to the New Consent Payment, the New Consent Settlement Date and the New Expiration Time, from Holders representing 24.2% of the outstanding principal amount of the Notes. Therefore, in total, Holders representing 48.6% of the outstanding principal amount of the Notes supported the Consent Solicitation and the Proposed Amendments, subject to the New Consent Payment, the New Consent Settlement Date and the New Expiration Time, as of 5:00 p.m. (New York time) on October 4, 2018.

Holders, including those who have already delivered a Consent, may validly revoke their Consents prior to 5:00 p.m. (New York time) on the date of receipt of the Requisite Consents (the "Effective Time"), which may be earlier than the Expiration Time. Holders who have already delivered a Consent in the Consent Solicitation will be deemed to have consented to the Proposed Amendments unless they validly revoke their Consent prior to the Effective Time. Any such Holders who do not wish to consent to the Proposed Amendments should revoke their Consent as soon as possible.

Requests for all information in relation to the Consent Solicitation should be directed to:

The Solicitation Agent

J.P. Morgan Securities plc

25 Bank Street 
Canary Wharf 
London 
E14 5JP 
United Kingdom 
Attention: Liability Management 
Telephone: +44 (0) 207 134 2468 
Email: [email protected]

The Information and Tabulation Agent

D.F. King Ltd.

Email: [email protected] 
Website: https://sites.dfkingltd.com/mhp

This announcement and any documents or materials relating to the Consent Solicitation do not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or a solicitation of any offer to buy or subscribe for, any securities of the Company or any other entity in any jurisdiction.

The distribution of this announcement and any documents or material relating to the Consent Solicitation in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or any such documents or materials come are required by the Company, the Solicitation Agent and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions. This announcement and any documents or materials relating to the Consent Solicitation do not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law.

This announcement and any documents or materials relating to the Consent Solicitation will not be distributed, released, published, communicated, advertised or disseminated, whether directly or indirectly, to the information distribution channels or to the public in Cyprus.

Note: This announcement contains "regulated information" for the purposes of the EU Transparency Directive (Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004) and the Cyprus Transparency Law (Law No. 190(I)/2007). In addition, the European Union Market Abuse Regulation (Regulation EU 596/2014 of the European Parliament and of the Council of 16 April 2014) requires the Company to disclose that this announcement contains "inside information", as defined in the European Union Market Abuse Regulation.

Please address any questions or concerns to : 
Anastasiya Sobotyuk 
Director of IR 
+38 044 207 00 70 
+38 050 339 29 99 
[email protected]

SOURCE MHP SE