Intrum will proceed with seeking confirmation of its pre-packaged Chapter 11 Plan and has not reached settlement with the 2025 Ad Hoc Group
Unless given a different meaning in this release, terms defined in the press releases from July to December 2024 have the same meaning when used here.
Further to the announcement made by Intrum AB (“Intrum” and together with its subsidiaries, the “Group”) earlier today, Intrum has not reached agreement on settlement terms among Intrum, the minority group of holders of its Notes due 2025 (the “2025 Ad Hoc Group”), who are objecting to its pre-packaged chapter 11 process, and the relevant majorities of creditors under its Lock-Up Agreement.
The Chapter 11 Plan hearing will proceed as planned today in front of the United States Bankruptcy Court for the Southern District of Texas.
Further information
Further details of the Chapter 11 case can be found at the following website:
https://cases.ra.kroll.com/IntrumAB
The Chapter 11 case relates to, amongst other debt instruments, the senior unsecured notes and MTNs due from 2025–2028 with the following identifiers: XS2211136168 / XS2211137059; XS2034925375 / XS2034928122; XS2052216111 / XS2052216202; XS2566292160 / XS2566291865; SE0013105533; SE0013105525; SE0013104080; SE0013360435; XS2093168115.
For further information on the Chapter 11 and/or the Recapitalisation Transaction, please contact Houlihan Lokey, who act as financial advisers to Intrum at the email addresses below.
If you experience any issues in accessing the website, please contact the Information Agent at the email address below.
Contact Details:
Kroll Issuer Services (as Information Agent): intrum@is.kroll.com
Houlihan Lokey (as advisers to Intrum): intrum@hl.com
Media Inquiries:
Brunswick Group (as advisers to Intrum)
Azadeh Varzi, Partner
Freya Semken, Director
+44 (0) 20 7404 5959
Oscar Karlsson, Partner
Hedda Söderström, Associate
+46 (8) 410 32 180
DISCLAIMERS
This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Recipients should not consider it as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
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