Public disclosure of inside information according to article 17 MAR
Dublin 4 (pta026/18.06.2025/14:32 UTC+2)
NOVUS CAPITAL PLC – CREDIT EVENT NOTICE
17 June 2025
Novus Capital plc
(the "Issuer")
Series 2023-61 EUR 10,000,000 Credit Linked Notes (linked to iTraxx® Europe Crossover Series 38 (Version 1)) due January 2028
ISIN:
(the "Notes")
Credit Event Notice and Notice of Publicly Available Information
Notice is hereby given that the Issuer has received a Credit Event Notice and Notice of Publicly Available Information in relation to ALTICE FRANCE S.A. from Nomura International plc, the Counterparty in respect of the Credit Derivative Transaction relating to the Notes. A copy of the notice received from Nomura International plc is set out in the schedulebelow.
Directors
Novus Capital plc
Schedule
Credit Event Notice and Notice of Publicly Available Information in relation to ALTICE FRANCE S.A. from Nomura International plc
Novus Capital plc (the "Issuer")
CC:
HSBC Corporate Trustee Company (UK) Limited (the "Note Trustee" and "Security Trustee")
HSBC Bank plc (the "Paying Agent")
17 June 2025
Dear Sirs,
Credit Event Notice and Notice of Publicly Available Information
Novus Capital plc Series 2023-61 EUR 10,000,000 Credit Linked Notes (linked to iTraxx® Europe Crossover Series 38 (Version 1)) due January 2028 (
Credit Derivative Transaction Details: Trade Date: 20 June 2023, Effective Date: 11 July 2023.
We refer to the Credit Derivative Transaction described above (the "Transaction") between Novus Capital plc and Nomura International plc in relation to the Notes. Capitalised terms used and not otherwise defined in this letter shall have the meaning given to them in the Confirmation for the Transaction, as amended from time to time.
This letter is our Credit Event Notice to you, delivered by us as Calculation Agent, in respect of the Notes that a Bankruptcy Credit Event has occurred with respect to ALTICE FRANCE S.A. (a Reference Entity under the terms and conditions of the Notes) as a result of an announcement by the Reference Entity on 27 May 2025 that the Reference Entity has, together with some of its subsidiaries requested the opening of accelerated safeguard proceedings from the Commercial Court of Paris. On or about 9 June 2025, the ISDA Credit Derivatives Determination Committee determined that a Credit Event occurred with respect to ALTICE FRANCE S.A. Further information can be obtained from: https://www.cdsdeterminationscommittees.org/cds/altice-france-s-a/
The Credit Event Determination Date in relation to the Credit Event is 28 May 2025.
This letter also comprises our Notice(s) of Publicly Available Information with respect to this Credit Event. Accordingly, we provide the Publicly Available Information attached hereto.
Nothing in this letter shall be construed as a waiver of any rights we may have with respect to the Transaction.
Yours faithfully,
Nomura International plc
Annex
May 27, 2025
Altice France announces agreement with a majority of RCF lenders and the filing for accelerated safeguard, further implementation step of the Transaction
Altice France S.A. announces today that it has reached an agreement with a group of holders of its RCF on the refinancing transaction (the "Transaction"), as further described in the press release dated February 26, 2025.
Following such agreement and as a further step of the implementation of the Transaction, Altice France S.A. announces that it has, together with its subsidiaries Altice B2B France S.A.S., Completel S.A.S., Numericable US LLC, SFR Fibre S.A.S., SFR Presse, SFR Presse Distribution, Société Française du Radiotéléphone – SFR and Ypso France S.A.S. requested the opening of accelerated safeguard proceedings from the Commercial Court of Paris (Tribunal des activités économiques de Paris).
These accelerated safeguard proceedings, if opened by the Court, will only impact the financial creditors affected by the draft accelerated safeguard plans, namely the holders of the term loans, RCF and senior secured notes of Altice France S.A. and its 8 subsidiaries.
Employees, customers, suppliers and commercial or other financial partners remain unaffected.
These accelerated safeguard proceedings are only a further step on the implementation route of the Transaction, which is supported by creditors representing:
It is expected that such accelerated safeguard proceedings would end within their initial duration of 2 months for a closing of the Transaction to occur in October.
(end)
Emitter: |
Novus Capital plc 1-2 Victoria Buildings, Haddington Road D04 XN32 Dublin 4 Ireland |
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Contact Person: | The Directors | |
Phone: | +353 1 668 6152 | |
E-Mail: | Novus@intertrustgroup.com | |
ISIN(s): |
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Stock Exchange(s): | Vienna Stock Exchange (Vienna MTF) |
[ source: https://www.pressetext.com/news/1750249920408 ]
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