Short presentation of Aether Financial Services - focus on bondholders representation ("Masse" under French Code de Commerce) Aether Financial Services activities: bondholders representation, calculation agent, independent valuation

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THE NUMBER ONE PROVIDER OF VALUE-ADDED
REPRESENTATION SERVICES FOR SECURITY HOLDERS

2. PR ESEN TATION OF AETH ER FIN AN C IAL SERVIC ES
AETHER?
« A medium that was once supposed to fill all
space and to support the propagation of
electromagnetic waves »
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OUR BUSINESS: REPRESENTING SECURITY
HOLDERS
AETHER FINANCIAL SERVICES comes as the trustworthy
interlocutor between the issuer and holders of its securities
(grouped in a Masse under French law)
CONTEXT
 Financing disintermediation
 Risk management focus
 Need for independent, dedicated and professional
parties to manage all aspects of Holders’ representation

3. W H Y AETH ER FIN AN C IAL SERVIC ES?
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INDEPENDENCE
 100% held by its management
 No conflict of interests with the issuer
KNOWLEDGEABLE
 Senior interlocutors with relevant experience in
corporate finance and capital markets
 Cross-asset expertise and know-how
Bonds – vanilla or hybrids (private/public placement,
programs, LBO, project financing)
Shares of securitization vehicles
Subscription/acquisition rights
Warrants
GUARANTEES
 Professional insurance
 Market standards IT and data tools
 Technical and strategic committee advising
management team on key issues and market /
legal evolutions
BREADTH OF INTERVENTION
 Any rating and issuer types

4.  Attendance at the shareholders’ general meeting
 Gathering of the holders’ general meeting on request of the
issuer
 Chairmanship of the holders’ general meeting
 Minutes draft of the holders’ general meeting
 Legal actions on behalf of the holders
 Monitoring of guarantees, their renewal and adjustements
OU R SC OPE OF IN TERVEN TION
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HOLDERS
REPRESENTATION
(MASSE UNDER
FRENCH LAW)
A GM takes place when:
- Terms adjustments
- Covenants breach
- Bankruptcy filing
Any type of issuance In prospectus or issuance contract
 Letter of engagement
OTHER SERVICES
RELATED TO
ISSUANCES
Private placements, LBO
Equity-linked
Facilitation, monitoring, calculation, valuation
 Information channelling
 Covenants agency
 Calculation agency
 Valuation
 Example : dedicated actions / decisions to be taken in specific
cases (covenant breach, rating change, …)
Complex issuances
Specific missions
Interventions
Appointment

5. Office 22 Rue d’Artois, 75008 Paris - France
Headquarterssc2 Square La Bruyère, 75009 Paris - France
AETHER FINANCIAL SERVICES
RCS Paris 811 475 383
info@aetherfs.com
www.aetherfs.com