Event Publicly Available Information:
Is there a Successor to Vue International Bidco PLC?
The Eligible Market Participant that submitted the DC Question included the following links:
The release of security by Vue International Bidco plc on 8 February 2023
Press release
Moody\’s announcement
Moody\’s announcement
Moody\’s announcement
S&P announcement
| Date | Description | Document |
|---|---|---|
| Closed | EMEA DC Statement - 23 March 2023 The DC is publishing this statement to address certain queries from Eligible Market Participants. The Explanatory Statement of Vue referenced in the Meeting Statement of 22 March 2023 is accessible at https://reorg.com/2022-restructuring-wrap/. The DC determined that both a Credit Event and a Successor has occurred in respect of Transactions that originally referenced VIB. This is reflected in the phrasing of the DC Question in respect of the Credit Event - Has a Restructuring Credit Event occurred in respect of 2014 Transactions which specify Vue International Bidco plc as the Reference Entity? (emphasis added). As a Successor has been determined, the Deliverable Obligations for settlement would be any Deliverable Obligations of VEIL – see for example Victor Company of Japan Limited where there was also a Successor and the Auction was in respect of Deliverable Obligations of JVC Kenwood Corporation (https://www.cdsdeterminationscommittees.org/cds/victor-company-of-japan-limited/). | |
| Ongoing | ||
| Ongoing | EMEA DC Meeting Statement - 16 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Monday 20 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 15 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Thursday 16 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 14 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Wednesday 15 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 13 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Wednesday 15 March 2023 to continue discussions. [Note: The DC Meeting scheduled for Wednesday 15 March 2023 was instead held on Tuesday 14 March 2023] | |
| Ongoing | EMEA DC Meeting Statement - 9 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Monday 13 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 8 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Thursday 9 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 7 March 2023 The EMEA DC met today to continue discussions in relation to the DC Question. The EMEA DC agreed to meet again on Wednesday 8 March 2023 to continue discussions. | |
| Ongoing | EMEA DC Meeting Statement - 27 February 2023 The EMEA DC met today to discuss the DC Question. Please refer to the separate Credit Event question in relation to the Reference Entity and the meeting statement of 27 February 2023 in relation to that question. | |
| Request Accepted by DC | ||
| Pending DC Consent |