GSM - Ferroglobe announces amendment to Lock-Up Agreement

Ferroglobe (GSM) has announce that holders of ~96% by value of the 9.375% Senior Notes due 2022 issued by the Company and Globe Specialty Metals have signed or acceded to the Lock-Up Agreement. The amendment to the Lock-Up Agreement will involve a concurrent solicitation of consents to amend the terms of any non-participating 2022 Senior Notes to eliminate substantially all of the restrictive covenants, certain events of default and other related provisions.Further details of the exchange offer will be made available to holders of 2022 Senior Notes in due course.

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Ferroglobe announces amendment to Lock-Up Agreement