Abu Dhabi's state-owned investment fund Mubadala is seeking bondholders' consent to alter certain contract terms on outstanding bonds worth about $3.4 billion.
Mubadala Development Co, which owns stakes in General Electric and Carlyle, said the main impact of the proposal would be the amendment of clauses relating to an event of default to remove reference to principal subsidiaries and principal joint venture companies.
The proposed changes also affects a clause which says that the Abu Dhabi fund will not pledge any of its assets in a way which negatively affects other creditors.
No comments:
Post a Comment