12:15 uur 10-06-2022

PJSC Magnitogorsk Iron and Steel Works: MMK informeert over verlenging van proces voor toestemmingsverzoek

MAGNITOGORSK, Rusland–(BUSINESS WIRE)– PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN; LSE: MMK) informeert over de verlenging van het toestemmingsverzoek voor zijn uitstaande US $ 500.000.000 4,375 procent. Gegarandeerde obligaties met vervaldag 2024.

Op 6 juni 2022 kondigde PJSC Magnitogorsk Iron & Steel Works (de “Garantiegever”) een verzoek om toestemming aan met betrekking tot de uitstaande U.S. $ 500.000.000 4,375% Notes met vervaldag 2024 uitgegeven door MMK International Capital DAC (de “Emittent”) (ISIN: XS1843434959 ( Regulation S) / US553142AA88 (Regel 144A); Common Code: 111730628 (Regulation S) / 111730628 (Regel 144A Common code)) (de “Opmerkingen”) onder de voorwaarden en onderworpen aan de voorwaarden uiteengezet in het Memorandum tot Verzoek van Toestemming van 6 juni 2022 (het “memorandum voor toestemmingsverzoek”). Termen met een hoofdletter die worden gebruikt, maar hierin niet worden gedefinieerd, hebben de betekenis die eraan wordt gegeven in het Memorandum tot toestemmingsverzoek.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies on extension of consent solicitation process

MAGNITOGORSK, Russia–(BUSINESS WIRE)– PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN; LSE: MMK) notifies on the extension of the Consent Solicitation for its outstanding U.S.$500,000,000 4.375 per cent. Guaranteed Notes due 2024.

On 6 June 2022, PJSC Magnitogorsk Iron & Steel Works (the “Guarantor”) announced a consent solicitation in relation to the outstanding U.S.$500,000,000 4.375% Notes due 2024 issued by MMK International Capital DAC (the “Issuer”) (ISIN: XS1843434959 (Regulation S) / US553142AA88 (Rule 144A); Common Code: 111730628 (Regulation S) / 111730628 (Rule 144A Common code)) (the “Notes”) on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 6 June 2022 (the “Consent Solicitation Memorandum”). Capitalized terms used, but not defined herein, shall have the meanings given to them in the Consent Solicitation Memorandum.

The Guarantor thanks all Noteholders who have responded promptly on the demanding Consent Deadline (4 p.m. today (London time) (“Consent Deadline”). The Guarantor expects to receive further Consent instructions from Noteholders that have not yet submitted their instructions due to tight timeline. With a view to receiving the outstanding Consent Instructions necessary to achieve the Requisite Consents, the Guarantor hereby notifies the Noteholders that it has decided to extend the Consent Deadline period from 9 June 2022 (4 p.m. (London time)) to 16 June 2022 (4 p.m. (London time)) (the “New Consent Deadline”).

Amendments to the Consent Solicitation are limited to the New Consent Deadline, as outlined above. All other terms of the Consent Solicitation will remain the same.

The Guarantor strongly encourages those Noteholders that have not yet participated in the Consent Solicitation to liaise at their earliest convenience with its Investor Relations department and/or Rybalkin, Gortsunyan, Dyakin and Partners Advocates Bureau (“RGD”) directly to obtain a copy of the Consent Solicitation Memorandum and to discuss other related matters. Noteholders who have already delivered Consent Instructions in the Consent Solicitation will be deemed to have consented to the Amendments unless they validly revoke their Consents prior to the earlier of the Effective time and the New Consent Deadline.

All documentation relating to the Consent Solicitation, together with any updates, will be available upon request to RGD at MMKconsentsolicitation2022@rgd.legal. In your communique, please also confirm the aggregate notional amount of the Notes that you hold and the location of the depository.

Noteholders may contact RGD via email at MMKconsentsolicitation2022@rgd.legal if they require assistance.

Should the Noteholders have any additional questions, please contact with the Guarantor’s Investor Relations department via email at: ir@mmk.ru.

ISIN: US5591892048
Category Code: MSCM
LEI Code: 253400XSJ4C01YMCXG44
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