Yandex NV - Ordinary Shares - Class A

-1.34 (-6.59%)
Debt Financing / Related

Russia's Yandex says agreed to purchase 93.2% of convertible notes

Published: 06/20/2022 09:08 GMT
(YNDX) - Holders of 93.2% in Aggregate Principal Amount of Yandex's $1.25 Billion 0.75% Convertible Notes Due 2025 Have Agreed to Sell Notes to Yandex - Up From 84.9% Agreement As of June 16 Nasm000ftj.
The Completion and Settlement of the Purchase Transaction is Now Expected to Take Place on June 22, 2022 .
The Purchase Agreement, Dated June 15, 2022, Provides for a Purchase Price of $140,000 in Cash and 957 Yandex Class A Shares for Each $200,000 in Principal Amount of Notes Purchased.
Further Company Coverage: Yndxo (reporting by Reuters, Editing by Louise Heavens).