The Thailand Securities and Exchange Commission (SEC) issued a notice urging bondholders of the WGH216A bond issued by Watergate Hotel Co., Ltd. to review all available information and exercise their rights at an upcoming bondholders’ meeting considering changes to the bond’s terms. The proposals for Bondholders’ Meeting No. 1/2025 include extending the redemption maturity by one year to 19 June 2026, increasing the interest rate from 7.25 percent to 7.75 percent per year for the extended period, and splitting principal repayment into two instalments with 50 percent of the principal value as of the bond issuance date due on 19 June 2025 and the remaining amount due on the extended maturity date. The SEC also requires the bondholders’ representative to analyse the benefits, shortcomings and potential impacts on bondholders under both approval and non-approval scenarios, with supporting reasons and the representative’s opinion. The meeting will be held electronically on 9 June 2025 at 14:00 hours, and the SEC encouraged bondholders to contact the issuer or the bondholders’ representative to obtain sufficient information before voting.

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