Thailand’s Securities and Exchange Commission published a supervisory notice urging holders of Prime Road Power Public Company Limited’s PRIME253B, PRIME25DA and PRIME25DB bonds to study available information and exercise their rights at the reconvened bondholders’ e-meeting on 16 December 2025, where investors will vote on proposed waivers of events of default and amendments to the bonds’ terms. The issuer’s Bondholders’ Meeting No. 3/2025 held on 9 December 2025 did not meet quorum for the three series, prompting a re-convened electronic meeting. The agenda includes granting exemptions from events of default and cancelling the call default and related actions taken by bondholders’ representatives, including in relation to missed partial principal repayments of at least 30 percent of par value (plus interest) and defaults on debt exceeding THB 300 million. Bondholders will also vote on rescheduling the partial principal repayments to 27 February 2026 (from 28 November 2025 for PRIME253B, 2 December 2025 for PRIME25DA and 8 December 2025 for PRIME25DB), with a special return of 2 percent per year during the postponement periods, cancelling the early redemption fee, and adding an obligation to apply any received guarantee funds toward pro rata bond repayment if a THB 102.97 million bank guarantee placed with GREENYELLOW CHSPP Pte Ltd is paid out due to the purchaser’s failure to pay the first instalment on the closing date. The SEC also requires bondholders’ representatives to analyse the benefits, shortcomings and potential impacts of approving or rejecting the proposals, supported by reasons and the representatives’ opinions, and encouraged bondholders to seek comprehensive information from the issuer and representatives before voting.

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