Republic of Suriname Announces Successful Results of Consent Solicitation07-12-2020
PARAMARIBO, Suriname, December 7, 2020 -- The Republic of Suriname (the “Republic”) announced today that it has received the Requisite Consents (as defined below) as of 5:00 p.m., New York City time, on December 4, 2020 (the “Expiration Time”), according to Morrow Sodali Ltd., the Information and Tabulation Agent, for its consent solicitations announced on November 13, 2020 (each, a “Consent Solicitation”) relating to its 9.875% Notes due 2023 (the “2023 Notes”) and its 9.25% Notes due 2026 (the “2026 Notes” and, together with the 2026 Notes, the “Notes”).
Following acceptance of the Requisite Consents, the Republic has executed a second supplemental indenture to the indenture governing the 2023 Notes, a second amended and restated Accounts Agreement relating to the 2023 Notes and a supplemental indenture to the indenture governing the 2026 Notes, effecting the proposed amendments and the waivers approved in the Consent Solicitations and described in the related Consent Solicitation Statement dated as of November 13, 2020, as amended by Amendment No. 1 to each such consent solicitation statement (collectively, the “Consent Solicitation Statements”). The proposed amendments and waivers will not become effective until the Consent Payment (as defined below) has been paid, which is expected to occur on December 7, 2020 or promptly thereafter.
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