Most significant events of the financial restructuring proposal

On May 9, 2019, Abengoa announces the listing of the instruments issued as part of the restructuring.

The notes issued by Abengoa Abenewco 2, S.A.U. in connection with the Junior Old Money, the notes issued by Abengoa Abenewco 2 Bis, S.A.U, in connection with the Senior Old Money and the notes issued by Abengoa Abenewco 1, S.A.U. were admitted to trading in Vienna Stock Exchange (Third Market (MTF) of Wiener Boerse).

On April 26, 2019, Abengoa announces completion of its Restructuring: all Restructuring Documents had been signed; the new instruments have now been issued and the Restructuring Completion Date has therefore occurred.

Likewise, the Company informs that NM1/3 instruments have been fully repaid and refinanced with the A3T Bridge Financing.

On April 25, 2019, Abengoa announces the occurrence of the Effective Date under the Restructuring Agreement and the execution of all Restructuring Documents.

On April 25, 2019, Abengoa announces the extension of the longstop date for completing the Restructuring.

On April 12, 2019, Abengoa announces the extension of the longstop date for completing the Restructuring.

On April 1, 2019, the Company informs that, once the support of the majorities of the relevant creditors has been obtained, it has been agreed with the relevant Committees the extension of the longstop date for completion until 11 April 2019. Likewise, the Lock-up Agreement has been extended until the same date.

On March 29, 2019, the Company informs that, after the end of the accession period to the Amendment and Restructuring Implementation Deed, the Restructuring proposal contained therein has obtained the following support (in application of the regulation for the construction of majorities contained in the finance documents currently in force):

  • 100% of the New Money 2 Creditors;
  • 100% of the New Bonding Providers;
  • 100% of the Interim Facility Providers;
  • 92.89% of the Senior Old Money Creditors;
  • 75.09% of the Junior Old Money Creditors; and
  • 100% of the Unresolved Claimants as at the date of the Restructuring Agreement.

On March 28, 2019, Abengoa informs of the agreements adopted at the Extraordinary Shareholders’ meeting, in which several emissions of convertible notes, necessary in the framework of the Financial Restructuring process that the company is carrying out, were approved.

On March 27, 2019, Abengoa announces results of noteholders’ assambleys of New Money 2.

On March 27, 2019, Abengoa announces results of noteholders’ assambley of Senior Old Money.

On March 27, 2019, Abengoa announces results of noteholders’ assambley of Junior Old Money.

On March 14, 2019, Abengoa announces the extension of the termination date of the Lock-up Agreement.

On March 11, 2019, Abengoa announces the execution of the Restructuring Agreement and the beginning of the accession period.

On February 27, 2019, Abengoa announces an Extraordinary General Shareholders’ Meeting.

On February 22, Abengoa announces Noteholders’ Assambleys and beginning of accession period of New Money 2, Senior Old Money and Junior Old Money.

On January 31, 2019, Abengoa announces the extension of the longstop date of the Lock-up Agreement.

On January 29, 2019, the Company informs that the majorities required for the effectiveness of the Lock-up Agreement have been reached and, consequently, such effectiveness has taken place on 28 January 2019.

On January 24, 2019, Abengoa releases its 10-year Viability Plan.

On January 21, 2019, Abengoa announces the extension of the accession period for the Lock up Agreement.

On January 15, 2019, Abengoa announces the extension of the accession period for the Lock up Agreement.

On December 31, 2018, Abengoa announces that it has signed with its main creditors a Lock-Agreement and has launched an accession period.

On September 30, 2018, Abengoa signs a term sheet with its main creditors to ensure its financial sustainability:

    • Obtains new liquidity for up to 97 M€ and new lines of bonding worth 140 M€.
    • In order to optimize the balance sheet structure of the group, the Company will make a proposal to the Old Money Creditors to consent to an Old Money restructuring.


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