Republic of Suriname Announces Successful Results of Consent Solicitation (1)

Republic of Suriname Announces Successful Results of Consent Solicitation (1)

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”).
Suriname PR Successful Consent Solicitation 7 December 2020

Suriname PR Successful Consent Solicitation 7 December 2020

The Republic of Suriname has succeeded in obtaining the necessary bondholder votes for the consent solicitations launched on November 13th that will result in the deferral of a total of US$48 million of principal and interest payments due on its outstanding Eurobonds between October 26th, 2020 and March 31st, 2021
Suriname Creditor Committee Announces Formation

Suriname Creditor Committee Announces Formation

LONDON, BOSTON and NEW YORK, November 4, 2020 – A representative group of institutional holders of Eurodollar bonds due 2023 and 2026 (collectively, the “Eurobonds”) issued by the Republic of Suriname (“Suriname”) has come together to form a creditor committee (the “Committee”) in response to the announcement by Suriname that it has elected to take advantage of the 30-day grace period on the coupon payment that was due on October 26, 2020 on the 2026 Eurobonds, and that it intends to seek a payment deferral on its foreign currencydenominated debt in the short term.