Background to Astaldi / Italian Version
In 2018 Astaldi filed a restructuring plan, Concordato Preventivo (resulting in a composition with creditors) under Italian Bankruptcy Law and forced creditors including Trade Creditors, Banks and Bond holders to take a loss on their capital. In 2020 Courts of Rome, in Italy, sanctioned a composition with creditors, meaning that creditors rights are extinguished and exchanged for new creditor rights.
Creditors received equity in Astaldi and new financial instruments called Strumenti Finanziari Partecipativi, (“SFP”) or in English Participatory Financial Instruments “PFI’s”. These restructuring / recovery units are not listed and cannot be traded on an exchange, hence our public offer to provide holders with liquidity.
Southey Capital offer for SFP / PFI’s
The Astaris SFP / PFI units with ISIN IT0005422925 were given to to creditors in exchange for the recognised unsecured debt obligations of Astaldi. They are not publicly tradeable and they are not considered securities.
We are interested in speaking to all creditors with the PFI/SPF units, regardless of size.
Offer Document
Acceptance Document
Disclaimer
Contact Us
In the strictest of confidence please feel free to contact us to discuss the Astaldi liquidation.
Italian speaking creditors: Astaldi_IT@southeycapital.com
International creditors Astaldi_EN@southeycapital.com
Telegram: https://t.me/IT0005422925
WhatsApp: https://whatsapp.com
