General Announcement::ANNOUNCEMENT REGARDING SUBSTITUTION OF ISSUER

Issuer & Securities

Issuer/ Manager
PETRORIO LUXEMBOURG TRADING S.A R.L.
Securities
PETRORIOUS$600M6.125%N260609A - US71677WAA09 - QBUB
PETRORIOUS$600M6.125%N260609R - USL75833AA88 - YCAB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Nov-2023 20:13:42
Status
New
Announcement Sub Title
ANNOUNCEMENT REGARDING SUBSTITUTION OF ISSUER
Announcement Reference
SG231130OTHRWX0U
Submitted By (Co./ Ind. Name)
Jacques Kessel
Designation
Corporate Finance Specialist
Effective Date and Time of the event
27/10/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Clause 9.07(b) of the Indenture, the Issuer may, without the consent of any the Holders of the Notes, substitute the Issuer by any Wholly Owned Subsidiary of the Company as the principal debtor in respect of the Notes (the Substitution ). The Trustee and the Collateral Agents have agreed to the Substitution pursuant to the first supplemental indenture dated October 27, 2023 (the First Supplemental Indenture ) among (i) the Original Issuer, (ii) PETRORIO LUXEMBOURG HOLDING SARL (The New Issuer), (iii) PRio S.A., (iv) the Trustee, (v) the Collateral Agents, and (vi) PRIO Forte S.A. as guarantor (the New Guarantor ). Further, by the execution of the First Supplemental Indenture, the New Guarantor became a Guarantor under the Indenture.