Terminales Portuarios Euroandinos Paita S.A. Initiates Consent Solicitation for 2037 Senior Secured Notes
Terminales Portuarios Euroandinos Paita S.A. has launched a consent solicitation regarding its 8.125% Series 2012-1 Senior TPE Secured Notes due 2037. The company is seeking approval from noteholders to amend the Collateral Trust Indenture and the associated payment and guarantee trust agreement managed by Citibank N.A. and Citibank del Perú S.A. The proposed amendments aim to increase operational flexibility for the project's current operating state. Key changes include eliminating the requirement to deliver a Three-Year Capital Plan, allowing limited debt incurrence for capital expenditures, permitting certain quarterly restricted payments, and allowing letters of credit to be used in place of cash for specific reserve accounts.
Topics: bondholder consent solicitation debt management indenture amendment secured notes