Source - RNS
RNS Number : 0890I
Cairn CLO V B.V.
14 June 2017
 

14 June 2017

THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

Cairn CLO V B.V.
Herikerbergweg 238,

Luna Arena, 1101 CM,

Amsterdam,

The Netherlands

(the "Issuer")

€181,800,000 Class A Senior Secured Floating Rate Notes due 2028

€25,200,000 Class B-1 Senior Secured Floating Rate Notes due 2028

€7,000,000 Class B-2 Senior Secured Fixed Rate Notes due 2028

€18,750,000 Class C Senior Secured Deferrable Floating Rate Notes due 2028

€15,750,000 Class D Senior Secured Deferrable Floating Rate Notes due 2028

€20,200,000 Class E Senior Secured Deferrable Floating Rate Notes due 2028

€7,700,000 Class F Senior Secured Deferrable Floating Rate Notes due 2028

€32,150,000 Subordinated Notes due 2028

 
(together, the "Notes")


NOTICE OF POTENTIAL REDEMPTION

This announcement is released by the Issuer and may contain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Notes described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by the Directors of the Issuer.

We refer to the trust deed dated on or about 20 July 2015, constituting the Notes and made between, amongst others, the Issuer, Cairn Loan Investments LLP in its capacity as investment manager (the "Investment Manager") and U.S. Bank Trustees Limited, in its capacity as trustee (including the conditions of the Notes set out in Schedule 3 (Conditions of the Notes) thereto (the "Conditions")) (the "Trust Deed").  Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Trust Deed.

The Issuer hereby announces that it has been informed by the Investment Manager that it is exploring options which may, subject to meeting certain required conditions, lead to certain changes including an Optional Redemption of the Rated Notes pursuant to Condition 7(b) (Optional Redemption).


Additional notices and documentation will be provided (as required by the Transaction Documents) and the Transaction Documents may be subject to certain amendments depending on the proposed course of action agreed. 

Please note, this notice is not a Redemption Notice for the purpose of Condition 7(b)(vii) (Mechanics of Redemption).

 

 

Cairn CLO V B.V.

 

Enquiries:

 

Cairn CLO V B.V.

 

Attention:          The Managing Director

Facsimile:          +31 (0) 20 673 00 16

Address:          

 

Herikerbergweg 238,

Luna Arena, 1101 CM

Amsterdam

The Netherlands






 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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