3 March 2014
PORTUGAL TELECOM INTERNATIONAL FINANCE B.V. ANNOUNCES THE RESULTS OF ITS SOLICITATION OF CONSENTS IN RELATION TO NOTES
Portugal Telecom International Finance B.V. (the “Issuer”) announced, on 7 February 2014, a solicitation of consents from the holders of its €750,000,000 4.125 per cent. Exchangeable Bonds due 2014 of which €750,000,000 of the Bonds are outstanding (the “Notes”), in accordance with the terms and conditions set out in the Consent Solicitation Memorandum dated 7 February 2014 (the “Consent Solicitation Memorandum”). This announcement should be read together with the Consent Solicitation Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Consent Solicitation Memorandum.
The Issuer is pleased to announce that at a meeting of the Noteholders held today at the offices of Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ, the Extraordinary Resolution relating to the Consent Solicitation was passed. Holders of €705,100,000 in aggregate principal amount of the Notes participated in voting on the Extraordinary Resolution, of which holders of €703,900,000 (99.83%) in aggregate principal amount of the Notes voted in favour of the Extraordinary Resolution.
For Further Information
A complete description of the terms and conditions of the Consent Solicitation is set out in the Consent Solicitation Memorandum. Further details about the transaction can be obtained from:
SOLICITATION AGENTS |
| |
|
| |
Barclays Bank PLC |
| |
5 The North Colonnade |
| |
Canary Wharf |
| |
London E14 4BB |
| |
United Kingdom |
| |
|
| |
Email: | eu.lm@barclays.com |
|
Telephone: | +44 (0)20 3134 8515 |
|
Attention: | Liability Management Group |
|
|
| |
BofA Merrill Lynch |
| |
Merrill Lynch International |
| |
2 King Edward Street |
| |
London EC1A 1HQ |
| |
United Kingdom |
| |
|
| |
Email: | john.m.cavanagh@baml.com |
|
Telephone: | +44 (0)20 7995 3715 |
|
Attention: | John Cavanagh |
|
|
| |
Email: | karl.bystedtwikblom@baml.com |
|
Telephone: | +44 (0)20 7996 0867 |
|
Attention: | Karl Bystedt Wikblom |
|
TABULATION AGENT |
| |
|
| |
Lucid Issuer Services Limited |
| |
Leroy House |
| |
436 Essex Road |
| |
London |
| |
N1 3QP |
| |
United Kingdom |
| |
|
| |
Email: | pt@lucid-is.com |
|
Telephone: | +44 (0)20 7704 0880 |
|
Attention: | Yves Theis / Thomas Choquet |
|
|
| |
PRINCIPAL PAYING AGENT |
| |
|
| |
Citibank, N.A. |
| |
13th Floor Citigroup Centre |
| |
Canada Square |
| |
London E14 5LB |
| |
United Kingdom |
| |
|
| |
Email: | ppapayments@citi.com |
|
Telephone: | +3531622 2210 |
|
Attention: | Principal Paying Agent |
|
The Solicitation Agents, the Paying Agents and the Tabulation Agent are agents of the Issuer and owe no duty to any holder of the Notes.
Dated: 3 March 2014