PRESS RELEASE
FULL CONSENT TO THE RESTRUCTURING PROPOSAL BY ALL THE
CLASSES OF INTERESTED FINANCIAL CREDITORS
Turin, March 7, 2012 - With respect to the final
proposal for the financial restructuring of Seat Pagine
Gialle S.p.A. (the "Company") - having today
(5:00 pm UK time) as final deadline for acceptances - the
Company announces that it has received notice that consents
of the holders of its senior secured notes (the
"SSBs") have already largely exceeded (over 97%)
the 75% threshold.
This consent follows the wide overcoming of the 75% threshold for consents to the proposal by interested parties of the senior banking lender and holders of the € 1.3 billion 8% notes due 2014 issued by Lighthouse International Company S.A. as well as the full support of its core shareholders (CVC, Permira, Alfieri Investitori Associati), announced last March 2, 2012.
SSBs' consent will be formally perfected after the noteholders' meetings of March 29 and March 30, 2012, on first and second call respectively, convened to acknowledge and, as necessary and within their competence, approve the result of the above-mentioned solicitation of consents.
The Company is therefore pleased to announce that, once the above-mentioned noteholders' meetings have been held - having the necessary levels of consents to the proposal been obtained - it will be possible to proceed with the implementation of the restructuring transaction.
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Seat Pagine Gialle Communications
Tel. +39.011.435.3030 - fax +39.011.435.3040
Comunicazione.stampa@seat.it
Investor Relations Seat Pagine Gialle
Tel. +39.011.435.2600
Investor.relations@seat.it
Seat Pagine Gialle S.p.A.
ufficio.societario@seat.it
Barabino & Partners
Tel.+39 02 72.02.35.35 - Mob +39 331. 57.45.171
Federico Vercellino - f.vercellino@barabino.it
www.seat.it