Ziton extends deadline for sending documents for cash consent fee

By Marisa Wong

Los Angeles, Oct. 4 – Ziton A/S issued an update on Monday relating to compensation to bondholders who voted in favor of a proposed resolution to amend its first-lien bonds under a summons dated Sept. 15.

Ziton had offered a cash consent fee and warrants to consenting bondholders.

The company reminded bondholders that in order to receive the compensation, holders must send the following to Pareto Securities AB at project ZitonWP@paretosec.com:

• A copy of the executed voting form;

• Evidence of holdings as of the date of execution and delivery of the voting form; and

• Relevant account information for receipt of the cash consent fee.

The deadline for delivery of those documents has been extended to Oct. 7 from of Sept. 29, according to Monday’s notice.

According to a notice on Sept. 30, Ziton’s first-lien bonds with ISINs NO0012494592, NO0012494584 and NO0012494600 are being collapsed into ISIN NO0010832488 on Oct. 5. Separately, on ISIN NO0010878598 there is an additional €4,652,173 outstanding, subject to the same first-lien bond terms.

Ziton owns, charters, and operates jack-up vessels designed to carry out operations and maintenance services on turbines at offshore wind farms in northern Europe. The company is based in Horsens, Denmark.

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