idem con patate, ma al posto della 2017 avevo la 2019.
Comunque oggi ho ricevuto una mail dal Trustee. Tutto quello che già sapevamo, e se va cosi' andrebbe quasi pure bene.
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD
TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY
FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT
FINANCIAL OR LEGAL ADVISER.
PORTUGAL TELECOM INTERNATIONAL FINANCE B.V.
(the Issuer)
IMPORTANT INFORMATION NOTICE
to the holders (the Noteholders) of those of the outstanding
€600,000,000 5.625 per cent. Notes due 2016
(ISIN: XS0587805457)
€500,000,000 4.375 per cent. Notes due 2017
(ISIN: XS0215828913)
€250,000,000 5.242 per cent. Notes due 2017
(ISIN: XS0441479804)
€750,000,000 5.875 per cent. Notes due 2018
(ISIN: XS0843939918)
€750,000,000 5.00 per cent. Notes due 2019
(ISIN: XS0462994343)
€1,000,000,000 4.625 per cent. Notes due 2020
(ISIN: XS0927581842)
€500,000,000 4.5 per cent. Notes due 2025
(ISIN: XS0221854200)
€400,000,000 6.25 per cent. Notes due 2016 (the Retail Notes)
(ISIN: PTPTCYOM0008)
(together, the Notes)
issued by the Issuer under its €7,500,000,000 Euro Medium Term Note Programme
and guaranteed by
Oi S.A.
(the Guarantor)
Reference is made to the Trust Deed dated 17 December 1998 (as amended and/or supplemented and/or restated
from time to time in relation to the Notes) (the Trust Deed) and constituting the Notes. Capitalised terms not
defined herein shall have the meanings given to them in the Trust Deed.
This notice is given by Citicorp Trustee Company Limited in its capacity as trustee for the Noteholders (the
Trustee).
Noteholders are reminded that, on 19 December 2016, the 7th Corporate Court of the Judicial District of the
State Capital of Rio de Janeiro, Brazil (the Court) approved a mediation procedure (the Mediation Procedure)
proposed by the Guarantor and its affiliates pursuant to which, among other things, the Guarantor and its
affiliates would settle any creditors’ claims totaling up to BRL50,000 in exchange for the relevant creditor(s)
agreeing to vote in favour of the RJ Plan to be presented at the meeting of creditors. *
The Court’s ruling stated that (among other things) (a) all creditors included at the second list of creditors should
be eligible to participate in the Mediation Procedure and (b) where a creditor has a claim for an amount larger
than BRL 50,000 and agrees to participate in the Mediation Procedure, the remaining amount owed to that
0018246-0000853 ICM:27455999.1 2
creditor should remain outstanding for the purposes of voting on the RJ Plan. The Trustee therefore expects,
based on advice from its Brazilian counsel, that Noteholders would be eligible to participate in the Mediation
Procedure.
However, the Trustee notes that various groups of creditors have filed interlocutory appeals opposing the
Mediation Procedure. The Guarantor is defending those appeals, but no decision has been rendered yet. In
addition, the Court’s decision did not provide details on how the Mediation Procedure is expected to work in
practice and the Trustee’s Brazilian counsel has therefore been attempting to obtain further details on how the
Mediation Procedure will operate, but has not yet been able to obtain such details.
There is, therefore, no certainty at present as to whether the Mediation Procedure will be available to
Noteholders and, if it is, how Noteholders could participate in it. The Trustee intends to provide a further notice
to Noteholders as and when it has further information on the Mediation Procedure.
Noteholders who wish to contact the Trustee in relation to this Notice should do so using the following email
address:
PTIFRestructuring@allenovery.com.
The above communication is made without prejudice to any and all of the Trustee's rights under the
Terms and Conditions of the Notes and the relevant transaction documents (including but not limited to
the Trust Deed), all of which are expressly reserved.
This notice has been provided to Noteholders for information only and the Trustee makes no
representation as to the accuracy or completeness thereof and cannot accept any liability for any loss
caused by any inaccuracy herein. The Trustee expresses no opinion as to any action Noteholders should
take in relation to the above. The Trustee makes no recommendations and gives no investment advice
herein or as to the Notes generally. Noteholders should take and rely on their own legal, financial and/or
other professional advice and may not rely on advice provided to the Trustee, statements as to the legal
position included in notices relating to the Notes issued by the Trustee or otherwise or the views of the
Trustee expressed herein or otherwise.
Citicorp Trustee Company Limited
21 June 2017