Mar 04, 2026 (MarketLine via COMTEX) --
Constellation Oil Services Holding S.A. announced the successful results of its solicitation of consents in respect of its outstanding 9.375% Senior Secured Notes due 2029.
The Issuer solicited consents to amend (the "Proposed Amendment") the Indenture in order to anticipate the payment of certain dividends.
The Consent Solicitation was conducted subject to the terms and conditions described in the Consent Solicitation Statement, dated as of February 25, 2026 (the "Statement").
Terms used and not defined in this press release have the meanings assigned in the Statement.
The Consent Solicitation expired at 5:00 p.m., New York City time, on March 3, 2026 (the "Expiration Date").
As of the Expiration Date, the Holders of a majority in aggregate principal amount outstanding of the Notes (the "Required Consents") had validly delivered Consents and not validly revoked such Consents prior to the Revocation Deadline.
The Revocation Deadline has passed and, therefore, validly delivered Consents can no longer be revoked.
The Issuer will pay in cash, on the Settlement Date, US$5.00 per US$1,000 principal amount of Notes with respect to which Consents were validly delivered at or prior to the Expiration Date (and not validly revoked prior to the Revocation Deadline) (the "Consent Payment").
For the avoidance of doubt, the Consent Payment will be rounded to the nearest cent, rounding up at US$0.005.
The Issuer, the Subsidiary Guarantors and the Trustee will execute a second supplemental indenture to the Indenture (the "Second Supplemental Indenture") effecting the Proposed Amendment.
The Second Supplemental Indenture will be effective immediately upon execution thereof as to all Holders, whether or not a Holder delivered a Consent.
However, the Second Supplemental Indenture will only be operative following payment by the Issuer of the Consent Payment at the Settlement Date.
Clarksons Securities AS acted as solicitation agent in the Consent Solicitation.
Kroll acted as information agent and tabulation agent for the Consent Solicitation.
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COMTEX_478974813/2227/2026-05-12T02:37:05
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