20th Apr 2005 17:26
Eurotunnel PLC/Eurotunnel S.A.20 April 2005 20 April 2005 Eurotunnel obtains the waiver to the Credit Agreement required to start the renegotiation of its debt Eurotunnel announces today (20 April 2005) that it has obtained the necessarywaiver to the Credit Agreement which links the Group to its creditors. Thewaiver was requested on 5 April 2005 and has been approved today by the twocreditor groups. When this press release was issued, the Senior Debt holders had voted by 87.26%in favour of the waiver, and the co-financiers by 87.14%, a percentage wellabove the qualified majority required. There were no votes against. Jacques Gounon, Chairman of the Eurotunnel Joint Board said, "I pay tribute tothe Agent Banks for their work and applaud the sense of responsibility shown byEurotunnel's creditors who have approved this waiver rapidly and by a largemajority". END Media enquiries: Eurotunnel Press Office, tel: + 44 (0) 1303 288728 or + 44 (0) 1303 288737 Investor enquiries: Xavier Clement, tel: + 33 1 55 27 36 27 News release no. 934 Eurotunnel manages the infrastructure of the Channel Tunnel and operatesaccompanied truck shuttle and passenger shuttle (car and coach) services betweenFolkestone, UK and Calais, France. Eurotunnel also earns toll revenue fromother train operators (Eurostar for rail passengers, and EWS and SNCF for railfreight) which use the Tunnel. Eurotunnel is quoted in London, Paris andBrussels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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