Financial restructuring

From the start of debt negotiations in 2005 to the Paris Commercial Court's approval of the Safeguard Plan in January 2007, including Groupe Eurotunnel SA's Exchange Tender Offer for Eurotunnel, all phases of the financial restructuring are set out in the documents below:

December 2006

Small PDF iconEurotunnel Board approves financing for safeguard restructuring plan with enlarged consortium composed of: Goldman Sachs/Deutsche Bank and Citigroup
18/12/06
Small PDF iconBondholders vote in favour of Eurotunnel safeguard restructuring proposals
14/12/06

November 2006

Small PDF iconPrincipal suppliers vote in favour of proposals
27/11/06
Small PDF iconCreditors vote in favour of Eurotunnel safeguard restructuring proposals
27/11/06
Small PDF iconCitigroup and Goldman Sachs/Deutsche Bank put forward binding proposals to finance Eurotunnel Restructuring Plan
26/11/06
Small PDF iconClarifying document sent to the creditors by the Court-appointed Representatives
24/11/06
Small PDF iconFavourable opinion of the creditors' representatives
17/11/06
Small PDF iconFavourable opinion of the creditors' representatives
14/11/06

October 2006

Small PDF iconProposals for draft Plan
31/10/06
Small PDF iconThe “Safeguard” restructuring proposals: simple, balanced and realistic
26/10/06
Small PDF iconSafeguard procedure - Message from the Court-appointed representatives
03/10/06

August 2006

Small PDF iconEurotunnel obtains protection from Paris Commercial Court
02/08/06

July 2006

Small PDF iconParis Commercial Court postpones decision
25/07/06
Small PDF iconEGM cancelled
13/07/06
Small PDF iconEurotunnel seeks legal protection of the Paris' Commercial Court
13/07/06
Small PDF iconMeeting with subordinated creditors
07/07/06
Small PDF iconUpdate
03/07/06

June 2006

Small PDF iconEurotunnel's news release
27/06/06
Small PDF iconAGM postponed until 27/07/06
13/06/06
Small PDF iconDetails on the Agreement signed between Eurotunnel and the Ad Hoc Committee
04/06/06

May 2006

Small PDF iconPresentation of the Preliminary Restructuring Agreement agreed between Eurotunnel and the Ad Hoc Committee
31/05/06
Small PDF iconEurotunnel and Ad Hoc Committee sign a preliminary binding restructuring agreement
24/05/06
Small PDF iconUpdate on progress with restructuring
18/05/06
Small PDF iconEurotunnel converts Stabilisation and Resettable Advances into Stabilisation Notes and Resettable Bonds
16/05/06
Small PDF iconEurotunnel shares suspended in Paris
15/05/06
Small PDF iconSuspension of trading in Eurotunnel shares on London Stock Exchange
02/05/06

April 2006

Small PDF iconEurotunnel obtains 3rd waiver to allow it to negotiate all creditors
26/04/06
Small PDF iconEurotunnel obtains 3rd waiver to allow it to negotiate all creditors
12/04/06
Small PDF iconSpecial warning report by the Auditors
12/04/06

March 2006

Small PDF iconEurotunnel to convert elements of debt into bonds
21/03/06

February 2006

Small PDF iconEurotunnel receives creditor agreement for a second waiver. Eurotunnel will now present the financial restructuring framework agreed with the Ad Hoc Committee to other creditors
17/02/06
Small PDF iconMemorandum of Understanding agreed by Eurotunnel and Ad hoc Committee
02/02/06
Small PDF iconNegotiations between Eurotunnel and the Ad Hoc Committee of lenders
01/02/06

January 2006

Small PDF iconEurotunnel to leave SRD
12/01/06