Ingenico Group successfully completes consent solicitation for €1 billion of its bonds and convertible bonds

Client(s) Ingenico Group SA

Jones Day Paris assisted Ingenico Group with the preparation, launch, and organization of a consent solicitation of all holders of bonds and convertible bonds issued by Ingenico Group for a total amount of approximately €1 billion.

The purpose of the consent solicitation was (i) to approve three partial asset contribution plans and (ii) waive any potential event of default under the terms and conditions of the bonds in relation to the contemplated reorganization. The general meetings of all bondholders were convened on March 2, 2016. All the resolutions presented at the general meetings have been duly approved on first notice by the bondholders on March 18, 2016. Following the approval of all the resolutions, Ingenico Group will pay to each bondholder a resolution fee of 0.15% of the aggregate nominal amount of the bonds held by such relevant bondholder.