Link: https://links.sgx.com/1.0.0/corporate-announcements/2K4OC7BITLTT84XI/645115b66469d0efcbc42057a2c8e5f2769aaee8f590a2f839576cdae2f24a67

Summary:

• Chilean telecom WOM SpA successfully exited Chapter 11 bankruptcy on March 21, 2025 after USD 500 million capital injection, securing new secured notes of USD 327.8 million and convertible notes of USD 455.6 million due 2032

• Company swung to profit of CLP 87.9 billion for nine months ending September 30, 2025 versus CLP 53.0 billion loss in prior year, driven by CLP 86.3 billion restructuring gains from debt cancellation

• Revenue grew modestly 1.5% to CLP 475.6 billion from CLP 468.5 billion, while operating expenses remained flat at CLP 246.3 billion reflecting continued operational discipline

• Debt forgiveness generated approximately USD 199.4 million gain as unsecured creditors in GUC Pool received only USD 72.5 million cash settlement, eliminating USD 356 million in 2024 senior notes and USD 290 million in 2028 senior notes

• Control transferred to ad-hoc creditor group comprising Amundi, BlackRock, Man GLG and Moneda through new holding company WOM Chile Holdco SpA, with former shareholders NC Telecom II AS and NC Telecom AS fully diluted

• Cash position strengthened to CLP 97.5 billion from CLP 52.8 billion while total debt obligations restructured with new secured notes carrying 12.50% interest rate through March 2026, stepping down to 11.00% thereafter until 2031 maturity

• Company repaid USD 216.7 million DIP loan to JP Morgan and USD 97.4 million in supplier claims and cure costs as part of emergence from bankruptcy protection proceedings