Consent Fee Deadline under the Lock-Up Agreement dated March 27, 2021
April 12 2021 - 9:15AM
Ferroglobe PLC (NASDAQ: GSM) (the “Company”) refers to the
Company’s release on March 28, 2021 regarding the lock-up agreement
dated March 27, 2021 (the “Lock-Up Agreement”) between the Company
and certain financial stakeholders.
Holders of the 9.375% Senior Notes due 2022
issued by the Company and Globe Specialty Metals, Inc that have not
yet signed the Lock-Up Agreement may contact the Information Agent
at ProjectFox@glas.agency to access further information relating to
the transaction and for details of how to accede to the Lock-Up
Agreement.
Noteholders may only become eligible for
the 1% Early Cash Consent Fee (or, to the extent the transaction is
implemented using an Exchange Offer and Covenant Strip, the 2%
Early Equity Fee) by signing the Lock-Up Agreement and holding 2022
Senior Notes that became locked-up notes on or prior to the Consent
Fee Deadline of Thursday April 15,
2021
About Ferroglobe
Ferroglobe is one of the world’s leading
suppliers of silicon metal, silicon-based and manganese-based
specialty alloys and ferroalloys, serving a customer base across
the globe in dynamic and fast-growing end markets, such as solar,
automotive, consumer products, construction and energy. For more
information, visit http://investor.ferroglobe.com.
Forward-Looking
Statements
This release contains “forward-looking
statements” within the meaning of U.S. securities laws.
Forward-looking statements are not historical facts but are based
on certain assumptions of management and describe Ferroglobe’s
future plans, strategies and expectations. Forward-looking
statements often use forward-looking terminology, including words
such as “anticipate”, “believe”, “could”, “estimate”, “expect”,
“forecast”, “guidance”, “intends”, “likely”, “may”, “plan”,
“potential”, “predicts”, “seek”, “will” and words of similar
meaning or the negative thereof.
Forward-looking statements contained in this
press release are based on information currently available to
Ferroglobe and assumptions that management believe to be reasonable
but are inherently uncertain. As a result, Ferroglobe’s actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements,
which are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond Ferroglobe’s control.
All information in this press release is as of
the date of its release. Ferroglobe does not undertake any
obligation to update publicly any of the forward-looking statements
contained herein to reflect new information, events or
circumstances arising after the date of this press release. You
should not place undue reliance on any forward-looking statements,
which are made only as of the date of this press release.
No offer
This press release is not an offer to sell or a
solicitation of an offer to buy or exchange or acquire securities
in the United States or in any other jurisdiction. The securities
referenced in this press release may not be offered, sold,
exchanged or delivered in the United States absent registration or
an applicable exemption from the registration requirement under the
U.S. Securities Act of 1933, as amended. This press release is not
directed at, or intended for distribution, publication,
availability to or use by, any person or entity that is a citizen
or resident or located in any locality, state, country or other
jurisdiction, where such distribution, publication, availability or
use would be contrary to law or regulation, or which would require
any registration or licensing within such jurisdiction.
Summary only
This press release is intended as a summary
only, and holders of 2022 Senior Notes should refer to the
additional details of the terms of the New $40 Equity, the New $60m
Notes and the Reinstated $350m Notes set forth in the Company’s
press release on March 28, 2021, and the detailed terms set out in
the Lock-Up Agreement.
INVESTOR CONTACT:
Gaurav Mehta Executive Vice President - Investor Relations
investor.relations@ferroglobe.com
MEDIA CONTACT:
Cristina Feliu RoigExecutive Director – Communications &
Public Affairs corporate.comms@ferroglobe.com
Source: Ferroglobe PLC
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