The Thailand Securities and Exchange Commission (SEC) issued a notice urging SABUY263A bondholders to exercise their rights and carefully review relevant information ahead of WSOL Public Company Limited’s Bondholders’ Meeting No. 1/2026 on 21 January 2026, where bondholders will vote on proposed changes to the bond terms. The agenda for the e-meeting includes waivers so that convening the meeting to seek a one-year maturity extension, and negotiating or entering into debt restructuring arrangements with financial institutions or other creditors between 31 December 2025 and 21 March 2027, would not constitute events of default. Bondholders will also consider extending maturity by one year to 21 March 2027 while keeping the existing interest rate for the extended period, waiving obligations to maintain collateral coverage of at least 1.50:1 and to provide replacement collateral if the ratio falls below 1.50:1 for 31 December 2025 to 21 March 2027, and allowing the issuer to dispose of the collateral (AS shares) and use the proceeds to repay SABUY263A. The SEC requires the bondholders’ representative, Asia Plus Securities Company Limited, to provide a clear analysis of the pros, cons, benefits and potential impacts of approving or rejecting the proposals, supported by reasons and the representative’s opinion, and urged bondholders to seek clarification as needed before voting.
Thailand Securities & Exchange Commission 2026-01-16
Thailand Securities and Exchange Commission urges SABUY263A bondholders to participate in vote on maturity extension and collateral waivers
The Thailand SEC advises SABUY263A bondholders to review information and exercise rights before WSOL Public Company Limited’s Bondholders’ Meeting on 21 January 2026, where they will vote on changes to bond terms, including a one-year maturity extension and waivers related to collateral obligations. The SEC mandates Asia Plus Securities Company Limited to provide a detailed analysis of the proposals' implications for informed decision-making.