Obligation MetinvestGroup 9.373% ( XS1571247490 ) en USD

Société émettrice MetinvestGroup
Prix sur le marché 100 %  ▲ 
Pays  Etats-unis
Code ISIN  XS1571247490 ( en USD )
Coupon 9.373% par an ( paiement trimestriel )
Echéance 31/12/2021 - Obligation échue



Prospectus brochure de l'obligation Metinvest XS1571247490 en USD 9.373%, échue


Montant Minimal 991 557 USD
Montant de l'émission 117 023 710 USD
Cusip N5657TAE6
Notation Standard & Poor's ( S&P ) N/A
Notation Moody's N/A
Description détaillée Metinvest est un groupe sidérurgique verticalement intégré ukrainien, l'un des plus importants producteurs d'acier et de produits en acier d'Europe, opérant des mines de minerai de fer, des usines de sidérurgie et des sites de transformation.

L'Obligation émise par MetinvestGroup ( Etats-unis ) , en USD, avec le code ISIN XS1571247490, paye un coupon de 9.373% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 31/12/2021








Company name: Metinvest B.V.
Headline: Motion to Close Chapter 15 Cases


IRISH STOCK EXCHANGE ANNOUNCEMENT


4 April 2017
Metinvest B.V. (the "Company")

Fixed Rate Senior Secured Notes due 2021 (the "New Notes")
Unrestricted New Notes ISIN: XS1571247490, Common Code: 157124749
Restricted New Notes ISIN: XS1571247656, Common Code: 157124765

10.25 per cent. Guaranteed Notes due 2016 (the "2016 Notes")
ISIN: XS0511379066, Common Code: 051137906
ISIN: US591555AA54, CUSIP: 591555AA5

10.50 per cent. Guaranteed Notes due 2017 (the "2017 Notes)
ISIN: XS1145219652, Common Code: 114521965
ISIN: US591555AC11, Common Code: 114752894
CUSIP: 591555 AC1

8.75 per cent. Guaranteed Notes due 2018 (the "2018 Notes", and together with the 2016 Notes
and the 2017 Notes, the "Cancelled Notes")
ISIN: XS0591549232
ISIN: US591555AB38, CUSIP: 591555 AB3

Motion to Close Chapter 15 Cases

Reference is made to the scheme of arrangement between the Company and the holders of the
Cancelled Notes under Section 899 of the Companies Act 2006 which was sanctioned by the High
Court of England and Wales on 30 June 2016 (the Moratorium Scheme) and the explanatory
statement dated 8 June 2016 in relation to the Moratorium Scheme which was published on the
scheme website (www.lucid-is.com/metinvest) on 8 June 2016.

Reference is also made to the scheme of arrangement (the Restructuring Scheme) between the
Company and the holders of the Cancelled Notes and the lenders under certain pre-export finance
facilities under Section 899 of the Companies Act 2006, which was sanctioned by the Court on 8
February 2017 and as described in the explanatory statement dated 13 January 2017 in relation to the




Restructuring Scheme (the Explanatory Statement) which was published on the scheme website
(www.lucid-is.com/metinvest) on 13 January 2017.

On 30 June 2016 the United States Bankruptcy Court entered an order recognizing the Moratorium
Scheme as a foreign non-main proceeding pursuant to Chapter 15 of the United States Bankruptcy
Code and giving full force and effect to the Scheme in the United States. A copy of the order is
available on the scheme website at www.lucid-is.com/metinvest.

On 8 February 2017 the United States Bankruptcy Court entered an order recognizing the
Restructuring Scheme as a foreign non-main proceeding pursuant to Chapter 15 of the United States
Bankruptcy Code and giving full force and effect to the Scheme in the United States. A copy of the
order is available on the scheme website at www.lucid-is.com/metinvest.
Please see attached at Schedule 1 a notice of a motion to close the Chapter 15 case in relation to the
Moratorium Scheme and at Schedule 2 notice of a motion to close the Chapter 15 case in relation to
the Restructuring Scheme.
For further information please contact:

Lucid Issuer Services Limited as the Information Agent
Sunjeeve Patel / Thomas Choquet
Tankerton Works
12 Argyle Walk
London WC1H 8HA
Phone:
+44 (0) 207 704 0880
Email:
[email protected]

This Notice is given by:

Metinvest B.V.
Nassaulaan 2A
2514 JS
`S-Gravenhage
The Netherlands

4 April 2017









2



SCHEDULE 1
MOTION TO CLOSE MORATORIUM SCHEME CHAPTER 15 CASE


























3




IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE


In re:
Chapter 15


METINVEST B.V. 1
Case No. 16-11424 (LSS)


Debtor in a Foreign Proceeding.
Hearing Date: May 10, 2017 at 11:30 a.m.

Objections Due: May 4, 2017 at 4:00 p.m.

NOTICE OF FILING AND OF HEARING ON FOREIGN REPRESENTATIVE'S
(I) FINAL REPORT AND (II) MOTION TO CLOSE THE CHAPTER 15 CASE
PLEASE TAKE NOTICE that on April 4, 2017, Svitlana Romanova, the duly
appointed foreign representative (the "Foreign Representative") of Metinvest B.V. (the
"Debtor"), in connection with a proceeding concerning a scheme of arrangement under part 26
of the English Companies Act 2006 sanctioned by the High Court of Justice of England and
Wales, filed the attached Foreign Representative's (I) Final Report and (II) Motion to Close the
Chapter 15 Case (the "Final Report and Motion"). A copy of the Final Report and Motion is
attached hereto.
PLEASE TAKE FURTHER NOTICE that any objections or responses to the
Final Report and Motion must be made pursuant to the Bankruptcy Code and the Local and
Federal Rules of Bankruptcy Procedure, including, without limitation, Rule 1011 of the Federal
Rules of Bankruptcy Procedure, in writing and setting forth the basis therefore. Such objections
or responses must be filed with the Office of the Clerk of the Court, 824 Market Street, Third
Floor, Wilmington, Delaware 19801, and served upon counsel for the Foreign Representative so
as to be received by May 4, 2017 at 4:00 p.m. (ET) (the "Objection Deadline"). Notices to
counsel for the Foreign Representative should be addressed to Allen & Overy LLP, 1221 Avenue

1
The last four digits of the Metinvest B.V. United States Tax Identification Number are 3839. The address of the
registered office of Metinvest B.V. is Nassaulaan 2A, 2514 JS, `S-Gravenhage, The Netherlands.
01:21748716.2

0114800-0000001 NY:28130577.3A






of the Americas, New York, NY 10020, Attention: Daniel Guyder, and Young Conaway Stargatt
& Taylor, LLP, 1000 North King Street, Wilmington, DE 19801, Attention: Joseph M. Barry. In
accordance with Fed.R.Bankr.P. 5009 and Del. Bankr. L.R. 5009-2(b), unless a written objection
to the Final Report and Motion with proof of service is filed with the Court by the Objection
Deadline, there shall be a presumption that the case has been fully administered and the Court
may enter an order closing the case and approving the Final Report and Motion without further
notice or a hearing.
PLEASE TAKE FURTHER NOTICE that if a written objection is timely filed,
the Court will hold a hearing on the Final Report and Motion, along with any written objection
timely served, on May 10, 2017 at 11:30 a.m. (ET) before the Honorable Laurie Selber
Silverstein at the United States Bankruptcy Court for the District of Delaware, 824 North Market
Street, 6th Floor, Courtroom No. 2, Wilmington, Delaware 19801. The moving and objecting
parties are required to attend the hearing, and failure to attend in person or by counsel may result
in relief being granted or denied upon default.

[Remainder of Page Intentionally Left Blank]




01:21748716.2


2






Dated: Wilmington, Delaware
YOUNG CONAWAY STARGATT &
April 4, 2017
TAYLOR, LLP

/s/ Joseph Barry
Joseph M. Barry (Del. Bar No. 4221)
1000 North King Street
Wilmington, Delaware 19801
Telephone (302) 571-6600
Facsimile (302) 571-1253
[email protected]

-and-

ALLEN & OVERY LLP
Daniel Guyder
Benjamin L. Taylor
1221 Avenue of the Americas
New York, New York 10020
Telephone (212) 610-6300
Facsimile (212) 610-6399
[email protected]
[email protected]

Attorneys for the Foreign Representative of the
Debtor



01:21748716.2


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EXHIBIT
Final Report and Motion
01:21748716.2


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IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE


In re:
Chapter 15


METINVEST B.V.,1
Case No. 16-11424 (LSS)


Debtor in a Foreign Proceeding.
Hearing Date: May 10, 2017 at 11:30 a.m.

Objections Due: May 4, 2017 at 4:00 p.m.


FOREIGN REPRESENTATIVE'S (I) FINAL REPORT
AND (II) MOTION TO CLOSE THE CHAPTER 15 CASE
Svitlana Romanova, the duly appointed foreign representative (the "Foreign
Representative") of Metinvest B.V. (the "Debtor"), in connection with a proceeding (the
"English Proceeding") concerning a scheme of arrangement (the "Scheme") under part 26 of
the English Companies Act 2006 (as amended, the "English Companies Act") sanctioned by the
High Court of Justice of England and Wales (the "High Court"), hereby submits (i) this final
report with respect to the above-captioned chapter 15 case (the "Chapter 15 Case"), and (ii) this
motion (together, the "Final Report and Motion") pursuant to sections 105, 350, 1517(d) and
1518(1) of Title 11 of the United States Code (the "Bankruptcy Code"), Rule 5009(c) of the
Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules"), and Rule 5009-2 of the
Local Rules of Practice and Procedure of the United States Bankruptcy Court for the District of
Delaware (the "Local Rules"), for entry of an order closing the Chapter 15 Case and relief from
certain noticing requirements. In support thereof, the Foreign Representative respectfully
represents as follows:


1 The last four digits of the Metinvest B.V. United States Tax Identification Number are 3839. The address of the
registered office of Metinvest B.V. is Nassaulaan 2A, 2514 JS, `S-Gravenhage, The Netherlands.
01:21748718.2









JURISDICTION AND VENUE
1.
This Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157
and 1334 and section 1501 of the Bankruptcy Code. This is a core proceeding pursuant to 28
U.S.C. § 157(b)(2)(P). Venue is proper in this District pursuant to 28 U.S.C. § 1410(1) and (3).
The statutory predicates for the relief requested herein are sections 105, 350, 1517(d) and
1518(1) of the Bankruptcy Code, Bankruptcy Rule 5009(c), and Local Rule 5009-2.
FINAL REPORT
2.
The Court is respectfully referred to the Verified Petition for Recognition
of Foreign Proceeding and Related Relief (the "Chapter 15 Petition")2 [D.I. 2] for a more
fulsome description of the Debtor's business, the English Proceeding, and the events leading up
to the commencement of this Chapter 15 Case.
3.
As discussed in the Chapter 15 Petition, the English Proceeding was
commenced to provide a temporary moratorium against creditor action in respect of certain notes
(the "Notes") issued by the Debtor to provide the Debtor with the stability necessary to
document and implement a comprehensive restructuring of its indebtedness and preserve
operations for the benefit of all its stakeholders. On June 8, 2016, following a Convening
Hearing, the High Court entered a Convening Order which, among other things, authorized the
Debtor to convene one or more meetings of affected creditors for the purposes of considering
and, if thought fit, approving the Scheme (the "Scheme Meeting"), and authorized the Foreign
Representative to act as foreign representative in any chapter 15 proceeding in the United States
in respect of the Debtor. On the same day, the Foreign Representative filed the Chapter 15
Petition commencing this Chapter 15 Case seeking, among other things, recognition of the

2 Capitalized terms used but not defined herein shall have the same meaning as in the Chapter 15 Petition.
01:21748718.2


2





English Proceeding as a "foreign nonmain proceeding" and requesting that the Scheme, if
sanctioned by the High Court, be given full force and effect in the United States.
4.
The Scheme was subsequently approved by the requisite majority of
creditors at the Scheme Meeting and sanctioned by the High Court on June 30, 2016, providing
in effect a moratorium on certain creditor enforcement actions in respect of the Notes through
September 30, 2016 (subject to extension through November 30, 2016 at the latest, or early
termination in each case pursuant to the terms of the Scheme) (the "Moratorium"). That same
day, this court approved the Chapter 15 Petition and entered an order recognizing the English
Proceeding as a "foreign nonmain proceeding" and giving full force and effect to the Scheme in
the United States.3 On September 28, 2016, the Moratorium was extended through November
30, 2016 to provide the Debtor with the requisite time to finalize the documentation for and
implementation of the proposed restructuring.
5.
Following sanction of the Scheme, the Debtor worked with the advisers to
an ad hoc committee of holders of the Notes (the "Noteholder Committee") and a coordinating
committee of the lenders under the Debtor's PXF Facilities (the "PXF Co-ordinating
Committee") on the documentation and implementation of a restructuring proposal (the
"Restructuring Proposal") set out in a non-binding heads of terms for a restructuring of the
Notes and the PXF Facilities that was agreed between the Noteholder Committee and the PXF
Co-ordinating Committee (the "Non-Binding Restructuring Heads of Terms"). On December
23, 2016, the Debtor, the Noteholder Committee and the PXF Co-ordinating Committee agreed
to substantially final forms of the principal documentation required to implement the
Restructuring Proposal. The Moratorium expired by its terms on November 30, 2016.

3 D.I. 24.
01:21748718.2


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Document Outline