Investor Presentaiton
Affinity Water
Bank Lenders
The Voting Process
Voting occurs by a single vote of all Qualifying Class A Creditors
The Proposals are set out in the STID Proposal which
is sent via the Security Trustee to Secured Creditors or
their Representatives along with a STID Voting
Request asking for votes on the matters proposed in
the STID Proposal
The STID Proposal is voted on by the Class A Debt
Instructing Group (Class A DIG) - Class B bonds do
not form part of the Class A DIG
Class A Bondholders are represented by the Bond
Trustees which vote on behalf of bondholders as
directed by electronic voting
-
Bonds issued out of Cayco are represented by the Bond
Trustee
Bonds issued out of Existing Issuer are represented by
the Existing Issuer Bond Trustee
Certain Class A Creditors such as the bank lenders
directly form part of the Class A DIG and so vote
directly on the STID Proposal
-
The Bond Trustees will vote on the STID Proposal
as directed by the bondholders bondholders
direct the Bond Trustees by submitting Electronic
Voting Instructions through the Clearing Systems
Qualifying Class A Creditors
Bond Trustees represent
bondholders and vote on
the STID Proposal on behalf
of bondholders
Existing Issuer
Bond Trustee
Bond Trustee
STID Proposal
Contains Proposals
Voting Matter
1
subject to Class A
Creditor Consent
•
20% Quorum*
50% To Pass*
*Percentages relate to the aggregate Outstanding Principal Amount of Qualifying
Class A Debt
12
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