12-Jan-2010 8:38 AM
Garuda Indonesia; noteholders approve restructuring
Direct News Source
11-Jan-2010 Garuda Indonesia (persero) wishes to announce that the adjourned meeting of holders ("Noteholders") of the US$305,279,760 Floating Rate Notes due 2007 and IDR 366,286,240,000 Floating Rates Notes due 2007 (the "Notes") was held on January 11, 2010 at 10 a.m. in Singapore, at which Noteholders approved an extraordinary resolution for the restructuring of the Notes. Approximately 99.2% of Noteholders attending the meeting voted in favor of Garuda's restructuring plan.
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