"Ukrzaliznytsia" did not receive a new extension for its debts.

Bondholders of "Ukrzaliznytsia" for the years 2026 and 2028 have declined to accept the proposed changes to the terms of the debt obligations put forward by the company.

https://epravda.com.ua/rus/biznes/ukrzaliznycya-ne-poluchila-novuyu-otsrochku-po-dolgam-801567/2025-01-02 09:03:16

This is stated in a message from Rail Capital Markets on the Euronext exchange.

The bond issuer approached investors with a request to approve changes that would provide for a deferral of payments and adjustments to the terms outlined in the Consent Solicitation Memorandum dated December 16, 2024.

However, at both meetings held in December, the necessary number of votes to make decisions was not reached.

Therefore, the proposed changes will not be implemented, and no compensation payment for the agreement will be made.

"Ukrzaliznytsia" announced that the decision regarding January interest payments on loans will depend on a number of factors, including the possibility of increasing transportation tariffs and changes in freight flows. The company is also taking into account the risks associated with the ongoing war.

Reminder:

JSC "Ukrzaliznytsia" has decided to capitalize approximately $160 million in accrued interest on eurobonds and has requested their holders to postpone the payment for another year.