Portugal Telecom Intnl Fin BV Conversion Judgment Appeal (7428W)
13 February 2017 - 11:39PM
UK Regulatory
TIDM36EN
RNS Number : 7428W
Portugal Telecom Intnl Fin BV
13 February 2017
PORTUGAL TELECOM INTERNATIONAL FINANCE B.V. em recuperação
judicial (subject to Brazilian in-court restructuring
proceedings)
(the "Issuer" or "PTIF")
NOTICE
to the holders of the following securities:
EUR500,000,000 4.375 per cent. Notes due 2017
(ISIN: XS0215828913)
EUR250,000,000 5.242 per cent. Notes due 2017
(ISIN: XS0441479804)
EUR750,000,000 5.875 per cent. Notes due 2018
(ISIN: XS0843939918)
EUR750,000,000 5.00 per cent. Notes due 2019
(ISIN: XS0462994343)
EUR1,000,000,000 4.625 per cent. Notes due 2020
(ISIN: XS0927581842)
EUR500,000,000 4.5 per cent. Notes due 2025
(ISIN: XS0221854200)
EUR400,000,000 6.25 per cent. Notes due 2016
(ISIN: PTPTCYOM0008)
(together, the "Notes")
issued by the Issuer under its EUR7,500,000,000 Euro Medium Term
Note Programme
and guaranteed by
Oi S.A. em recuperação judicial (subject to Brazilian in-court
restructuring proceedings)
("Oi")
Appeal of judgments in relation to both Oi Brasil Holdings' and
PTIF's hearings regarding the requests for conversion of their
respective suspension of payments proceedings into Dutch bankruptcy
proceedings
On 2 February 2017, the District Court of Amsterdam, The
Netherlands, denied the requests for conversion of the suspension
of payments proceedings into Dutch bankruptcy proceedings for each
of Oi's finance vehicles in the Netherlands, Oi Brasil Holdings
Coöperatief UA em recuperação judicial (subject to Brazilian
in-court restructuring proceedings) ("Oi Brasil Holdings") and
PTIF.
On 10 February 2017, the administrators appointed to supervise
the suspension of payments proceedings of Oi Brasil Holdings and
PTIF informed that they will not appeal against the judgements of
the District Court of Amsterdam, The Netherlands. Further, on 10
February 2017, Oi, PTIF and Oi Brasil Holdings were informed that
certain creditors of each of PTIF and Oi Brasil Holdings filed
appeals against such judgements.
For more information, please contact:
Portugal Telecom International Finance B.V. em recuperação
judicial (subject to Brazilian in-court restructuring
proceedings)
Carlos Augusto Machado Pereira de Almeida Brandão
E-mail: PTIF.SoP@oi.net.br
Telephone: + 55 21 3131-2918
The administrator of PTIF
Mr J.L.M. Groenewegen
CMS
PO Box 94700
1090 GS Amsterdam
The Netherlands
E-mail: ptif@cms-dsb.com
Telephone: +31 20 3016 311
13 February 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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