AMSTERDAM, April 8, 2025 /PRNewswire/ — OCI Global (Euronext: OCI) a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement (the “Support Agreement”) with a group of holders (the “Bondholder Group”) of its U.S.$ 600,000,000 6.700 per cent Notes due 2033 (the “Bonds”), relating to the treatment of the Bonds following the completion of the announced sale of OCI’s Global Methanol Business to Methanex Corporation (the “MetCo Transaction”). The Bondholder Group includes members holding Bonds with a principal amount in excess of 60% of the total outstanding principal amount of the Bonds.
Under the terms of the Support Agreement:
Hassan Badrawi, CEO of OCI commented: “We are delighted to have reached agreement with a large group of our bondholders, with a view to an orderly pay down of our capital structure upon the closing of the MetCo Transaction. OCI has a long and positive history in the bond markets and values its relationship with its investors, so we are pleased to have structured a deal that allows everyone to participate and rewards bondholders fairly for their faith in OCI over all these years.”
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
ABOUT OCI GLOBAL
Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.
CONTACT
Sarah Rajani CFA
Global Vice President, Investor Relations & Communications
Email: sarah.rajani@oci-global.com
View original content:https://www.prnewswire.co.uk/news-releases/oci-global-announces-agreement-with-bondholders-302423892.html
NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- New York, NY – May 7, 2025…
ROAD TOWN, British Virgin Islands, May 07, 2025 (GLOBE NEWSWIRE) -- XRP is making headlines…
London, UK, May 07, 2025 (GLOBE NEWSWIRE) -- Crypto investors everywhere are feeling the tremors,…
TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- kama.ai, a leader in responsible conversational AI solutions,…
HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Payday Ventures, a leading provider of online loans,…
In collaboration with a Stanford University research team, Scenic Biotech identified and characterized PLA2G15 as…