Neovia Announces Receipt of Requisite Consents and Expiration of Consent Solicitation
IRVING, Texas, July 19, 2017 /PRNewswire/ -- Neovia Logistics, LP ("Neovia") today announced that holders of a majority in aggregate principal amount of its outstanding $465,000,000 aggregate principal amount of the 8.875% Senior Secured Notes due 2020 (the "Notes") by Neovia Logistics Services, LLC (the "Issuer") and Neovia Logistics Finance Corporation (the "Co-Issuer," together with the Issuer, the "Issuers") have delivered valid consents in connection with the Company's previously announced consent solicitation (the "Consent Solicitation") to amend certain provisions of the Indenture governing the Notes, dated as of July 31, 2012 as supplemented by the First Supplemental Indenture dated as of July 31, 2012, a Second Supplemental Indenture dated as of July 26, 2013, a Third Supplemental Indenture dated as of September 18, 2013 and a Fourth Supplement Indenture dated as of November 17, 2014, each among the Issuer, the Co-Issuer, Neovia, the subsidiary guarantors party thereto, Wilmington Trust, National Association, as trustee (the "Trustee"), and Wilmington Trust, National Association, as collateral agent (the "Indenture").
According to information provided by D.F. King & Co., Inc., the tabulation agent and information agent for the Consent Solicitation, as of 5:00 P.M., New York City time, on July 18, 2017 (the "Expiration Date"), the Issuers had received consents from holders of $396,553,000 in aggregate principal amount of the Notes, representing approximately 85 % of the total outstanding principal amount of the Notes.
The Issuers received consents sufficient to approve the proposed amendments to the indenture governing the Notes, and the Issuers and the Trustee for the Notes entered into a supplemental indenture containing such proposed amendments. All holders of the Notes are bound by the terms of the supplemental indenture, even if they did not deliver consents to such proposed amendments.
CONTACT:
Greg Artkop, Neovia Logistics, LP
469-804-2483 or
[email protected]
SOURCE Neovia Logistics, LP
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article