April 2019 Bonds
Senior Old Money Mandatory Convertible
€ 1,148,126,558
$562,194,026
Click here to see full terms and conditions.
| Summary terms and condictions(*) | ||
|---|---|---|
| Issuer: | Abengoa AbenewCo 2 Bis, S.A.U. | |
| Status of the notes: | Senior secured convertible obligations of the issuer | |
| Rating: | Unrated | |
| Guarantees: | Abengoa and some of its subsidiaries as per terms and conditions of the notes | |
| Value per unit: | 1 Eur / 1 USD | |
| Notional amount EUR: | € 1,148,126,558 | |
| Notional amount USD: | $562,194,026 | |
| Currency: | EUR/USD | |
| Start date: | April 26, 2019 | |
| Settlement date: | 5 years from the Issuance Date with the possibility of an extension of up to 5 years (subject to creditors' election). | |
| Coupon(1): | 1.50% PIK | |
| Coupon frequency: | Quarterly | |
| Conversion of the notes: | Mandatory conversion at Maturity Date except in certain circumstances under the terms and conditions of the bond. Voluntary conversion in certain circumstances under the terms and conditions of the bond. Conversion ratio as per terms and conditions of the notes. | |
| Voluntary Redemption at the option of the Noteholders (see T&C, Condition 5 “Redemption of the notes”): | Upon the occurrence of certain circumstances such us: (a) a DC Redemption Notice Date; (b) the completion of a Sale Event; (c) any Equity Raise other than an Equity Raise included in paragraphs (b) – (h) of the definition of Permitted Equity Raise; and (d) a Conversion Event of Default. | |
| Voluntary Redemption at the option of the Issuer (see T&C, Condition 5 “Redemption of the notes”): | Subject to the Group Intercreditor Agreement, and provided that the New Money Discharge Date has occurred, the Issuer may prepay in cash the whole or any part of any Notes. | |
| Use of Proceeds: | Restructuring of financial debt | |
| Repayment schedule: | See "Conversion of the notes" | |
| Settlement: | Euroclear/Clearstream | |
| Code: | XS1978320882; XS1978321344; XS1978327622; XS1978328190 | |
| Listing: | Vienna Stock Exchange (MTF) | |
| Commissioner: | AgenSynd, S.L. | |
| Paying Agent: | The Bank of New York Mellon, London Branch | |
| Calculation Agent: | Conv-Ex Advisors Limited | |
| (*) Basic summary. All definitions and complete information included in the Terms and Conditions of the bonds | ||
| (1) Cupon of 1.5% PIK until the earlier of March 31, 2021 or the early amortization date of the NM2. After such date the cupon will be 1.5% Pay If You Can (PIYC) | ||