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SIGNING OF THE ABENGOA REFINANCE SETTLEMENT AGREEMENT


 

Last 24 September 2016 Abengoa notified the signing of the Agreement for the Restructuring of its Financial Debt as a relevant fact, thus initiating the term for the adhesion of its creditors to the agreement.  Once the adhesion period has ended and after reaching the financial liability majorities of 75%, the judge will approve the Settlement Agreement and its terms will be extended to those financial creditors who have not signed the agreement or expressed their disagreement with it.

Simultaneously to the approval request, other processes will commence in the UK and the USA with the objective of extending the settlement agreement to the financial creditors.

The agreement contemplates a capitalisation of 70% of the amount of the loans and the refinancing of the remaining 30% through new debt instruments that will replace the existing ones.