Graanul announces entry into an agreement with 50% of noteholders for an extension of the maturity of €630 million aggregate principal amount of its Existing Notes to 2029
Cullinan Holdco SCSp (the “Issuer”, and together with its subsidiaries, “Graanul” or the “Group”) is pleased to announce that it has entered into a transaction support agreement (the “Transaction Support Agreement”) with noteholders (the “Participating Holders”) collectively representing 50% of the aggregate principal amount of its (i) 4.625% Sustainability-Linked Senior Secured Notes due 2026 (the “Existing Fixed Rate Notes”) and (ii) Sustainability-Linked Senior Secured Floating Rate Notes due 2026 (the “Existing Floating Rate Notes” and, together with the Existing Fixed Rate Notes, the “Existing Notes”), to proactively address the Group’s capital structure and create a clear maturity runway until 2029 while the Group negotiates new commercial contracts (the “A&E Transaction”).
