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Revisions

AusGroup gets over 98% vote from noteholders for debt restructuring

Gwyneth Yeo Published on Thu, Oct 06, 2016 / 11:30 AM GMT+8

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SINGAPORE (Oct 6): AusGroup said on Thursday that its noteholders voted in favour of restructuring the group’s debt under its medium term note programme.

According to a filing to the Singapore Exchange, noteholders representing 88.9% of the principal amount of notes outstanding, or $97.75 million, were present at the annual general meeting on Wednesday.

On top of that, 385 of the total 391 votes cast were in favour of the restructuring, and the extraordinary resolution was passed.