OR Group decided to extend the deadline for the preliminary general meeting of bondholders from September 28 to October 19. One of the reasons for extending the voting deadline is the large number of bondholders in all issues, which requires additional time to communicate information to all bondholders, company explains.

OR Group is holding a preliminary general meeting of bondholders. Company has offered two options to prolong debt for 12 and 15 years and to convert the debt on the bonds into equity. Voting will take place from Aug. 17 to Sept. 28 on Boomin's information platform.

OR Group decided from August 1 to temporarily suspend the operation of the S-TEP factory in Berdsk near Novosibirsk for optimizing costs. Company notes that the factory has produced the entire range of products planned for the current year. Timing of resumption of work will depend on the results of negotiations on the restructuring of OR Group debts.

Arbitration Court of Moscow has satisfied the claim of "Promsvyazbank" to OR Group for the recovery of ₽580,1 mln under the bond issue series БО-07. The court is also considering eight claims of the representatives of bondholders of Region Finance LLC on other issues worth ₽4.77 billion. OR Group continues negotiations with creditors about the restructuring...