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AusGroup sets second meeting for upcoming consent bid on 7.45% notes
By Susanna Moon
Chicago, June 6 – AusGroup Ltd. said it has scheduled a second informal meeting for June 18 in connection with a planned consent solicitation for its S$110 million of 7.45% notes due 2018.
To RSVP, contact Securities Investors Association (Singapore) by 12 a.m. ET on June 15 at admin@sias.org.sg or +65 6227 2683, according to a company notice.
The company said on May 18 that it was inviting holders to join an independent steering committee for the planned consent bid.
The company previously said that it held an informal meeting with noteholders, which was facilitated and moderated by the SIAS, to form the noteholders group to negotiate with the company on the review of the notes terms.
At the meeting, the company also provided an overview of the group’s operations and financial situation, preliminary proposal to restructure the notes and to consider a timetable for its consent solicitation, the previous release said.
West Perth, Australia-based AusGroup is the parent company of AusGroup Singapore Pte. Ltd.
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