PPC Zeus Announces Amendments to Senior Notes

PPC Zeus Designated Activity Company has announced significant amendments to its €325,020,000 Fixed Rate Asset Backed Notes due 2028. The announcement was made on 16 July 2024, and highlights that senior noteholders have approved an Extended Revolving Period. This decision was made via a written resolution, and the changes will take effect from the Initial Revolving Period Last End Date.

The amendments include an extension of the requirement for PPC Zeus to pay the Prepayment Fee under the Note Trust Deed. This extension will last until the expiry of the Extended Revolving Period Last End Date. Additionally, the Qualco Business Plan definition has been revised to reflect a new business plan agreed upon around the announcement date.

This notice aims to inform the registered and beneficial owners of the Senior Notes about these critical changes. The notice advises contact with professional advisers for anyone in doubt about the actions to take. It is imperative for those who have recently sold or transferred their holdings to forward the notice to the new owners.

This amendment reflects ongoing strategic adjustments by PPC Zeus, in line with maintaining compliance with market regulations and seeking to optimize the terms and conditions for noteholders.