"Pursuant to the SFHG Restructuring, the Existing SFHG Debt shall be restated by:
(i) the issuance of the New Lux Finco 1 21/22 Loan and the New Lux Finco 1 23 Loan by Lux Finco 1 on a cashless basis to the Convertible Bondholders pro rata to their holding of Existing SFHG Debt, with SFHG as a guarantor, such reconstituted debt to include Applicable Fees;
(ii) Lux Finco 1 on-lending the deemed cashless proceeds from the New Lux Finco 1 21/22 Loan and the New Lux Finco 1 23 Loan to SFHG pursuant to the Lux Finco 1 Intercompany Agreement; and
(iii) SFHG using the deemed proceeds of the Lux Finco 1 Intercompany Agreement to discharge its obligations under the Existing SFHG Debt.
The net effect of these steps is, in summary, that SFHG Creditors who hold Existing SFHG Debt will have such debt restated pursuant to amended terms and maturity.
35.1.3 The form of the New Lux Finco 1 21/22 Loan and the New Lux Finco 1 23 Loan will be available at www.lucid-is.com/Steinhoff, or on request to the Information Agent in accordance with paragraph 10.5 of Section 1 Part A (Introduction)."
Originaltext aus dem 1. CVA Proposal vom 19.11.2018.
Da für die Wandelanleihen lt. Betrag ein Ausfallereignis vorlag, musste ein anderes Instrument die CB Gläubiger befriedigen.
LUA Gebühren und die Einbuchung eines entsprechenden Anteils 1 : 1 aus der jeweiligen Lux Finco 1 Schuld.
Alles bargeldlos, d.h. Bargeld gibt es erst aus der Lux Finco 1 Schuld, wenn die Laufzeit abgelaufen ist.
Ich gehe mal davon aus, dass es sich dabei um die Laufzeit des jeweiligen Bonds handelt.