SATS capital adjustments lead to (value) stalemate
Background
PRESS RELEASE
18 May 2023
Promontoria Holding 264 B.V., an indirect subsidiary of SATS Ltd., Announces Early Tender Results of the Offer and the Solicitation
Netherlands, May 18, 2023 ? Promontoria Holding 264 B.V. (the “Company”) today announced that €310,357,000 in aggregate principal amount (the “Euro Tendered Notes”), or approximately 91.28% of its outstanding 6⅜% Senior Secured Notes due 2027 (the “Euro Notes”), and $391,437,000 in aggregate principal amount (the “Dollar Tendered Notes” and together ...
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