Norwegian company Norske Skog is striving to find an agreeable solution for all parties in negotiations with investors who have not consented to the company's recent restructuring proposal. The company said in a press release that it has over the last few days made meaningful progress with the holders of the €100m Norwegian Securitisation Facility (NSF) notes and holders of 2115 Perpetual Notes on how these instruments are to be included in the recapitalisation of the group. In order to integrate holders of these financial instruments in a consensual overall proposal, a new consent solicitation would need to be launched to the holders of secured and unsecured notes, one that would probably not include any material changes to the terms set out in the current consent solicitation statement, the company explains. The current solicitation statement was not extended and expired on 3 November.
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