OHLA bondholders agree to defer coupon payment until October 18 | Companies

OHLA is seeking a new deferment of payments to bondholders. The construction company announced this Friday that it has received the consent of bondholders to defer the coupon payment from September 15 to October 18, the Servimedia agency reports.

The construction company received the consent of holders of the senior guaranteed bond issue after asking them to defer the coupon payment on October 7, the National Securities Market Commission (CNMV) was notified. OHLA then informed CNMV that the delay was due to the need to continue negotiations on debt restructuring.

The construction company announced today that, in addition to deferring the coupon payment, it may “extend the term of the bridge financing received” related to the sale of Servicios Ingesan until March 31, 2025 at the latest.

The company, whose main shareholders are brothers Luis and Mauricio Amodio, has entered into an agreement with Excelsior Times (a group owned by businessman José Elias) and Inmobiliaria Coapa Larca (owned by Mexican businessman Andres Holzer) for a capital increase that will unlock its delicate structure. debt situation.

In this sense, OHLA will hold an extraordinary general meeting on October 22 (second convocation), at which it will present for shareholder approval the capital increase of up to €150 million agreed on September 17. Of this 150 million, Amodios will contribute 25 million to avoid diluting the company, another 25 million from Holzer and another 50 million from a consortium of new investors led by José Elias Navarro. The remaining 50 million must be contributed by minority shareholders. The obligations of these new shareholders are conditional on reaching an agreement with the banks and bondholders.