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Edcon obtains bondholder consent to sell its Legit-branded businesses and facilitate the implementation of its restructuring

28 November 2016

Johannesburg, South Africa, November 28, 2016: Edcon today announced that it had successfully concluded its previously-announced consent solicitation (the “Consent Solicitation”) process by which it sought noteholder consent to amend certain provisions of the indentures governing its super senior notes due 2019 and senior secured notes due 2018 and 2019. In order to effectuate the amendments, Edcon was required to obtain, and did obtain, the consent of noteholders representing at least a majority in aggregate principal amount of its super senior notes due 2019 and senior secured notes due 2018 and 2019, respectively.

Download: consentsolicitation28112016.pdf


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