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Article: Cydsa Concludes Its Capitalization and Debt Restructuring Process with Creditor Banks and Noteholders; -- Noteholders Meeting approved the exchange of US$159 million Notes for Shares and Convertible Debentures.
- Article from:
- PR Newswire
- Article date:
- January 20, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN PEDRO GARZA GARCIA, Mexico, Jan. 19 /PRNewswire/ -- Today, a Meeting of Holders of US$158,997,000 9.375% Notes issued by Cydsa and due in June 2009, was held. The Meeting approved an Extraordinary Resolution to exchange the outstanding principal amount of the Existing Notes, plus accrued and unpaid interest thereon, for an aggregate of:
a) 27,366,750 shares of Cydsa's voting Series "A" Common Stock.
b) 136,833,749 shares of Cydsa's newly authorized non-voting Series "C"
Stock and convertible into Series "A" Shares with voting rights
within a period of time not exceeding May 1, 2008.
c) US$25.5 million principal amount of Cydsa's ...