Waldorf Energy Finance amends lock-up agreement, postpones restructuring hearing

Waldorf Energy Finance plc has updated on its lock-up agreement and ongoing restructuring process. The company reached an agreement with its majority participating bondholders to amend the lock-up agreement, extending the longstop date and certain milestones.

Key amendments include a temporary waiver from participating bondholders regarding non-payment by Waldorf Production UK plc ("WPUK") of the final redemption payment for its senior secured bonds due on September 2, 2025. This also waives any default interest arising from the non-payment. These waivers maintain support for the group's continued operations.

Additionally, the first hearing, originally scheduled for September 10, 2025, has been adjourned. This postponement allows for further discussions with the group's stakeholders regarding the restructuring. Further announcements, including details on the rescheduled first hearing, are expected.