NOTICE FROM ISSUER TO Noteholders
To: Noteholders of each Class of Notes (as defined below)
JUBILEE CLO 2014-XIV B.V.
(a private company with limited liability incorporated under the laws of The Netherlands, having its statutory seat in Amsterdam)
€319,500,000 Class A-1 Senior Secured Floating Rate Notes due 2028
(Reg S: XS1114469627; Rule 144A: XS1114470047)
€5,000,000 Class A-2 Senior Secured Fixed Rate Notes due 2028
(Reg S XS1114491399; Rule 144A: XS1114492520)
€51,200,000 Class B-1 Senior Secured Floating Rate Notes due 2028
(Reg S: XS1114470807; Rule 144A: XS1114472688)
€12,800,000 Class B-2 Senior Secured Fixed Rate Notes due 2028
(Reg S: XS1114505446; Rule 144A: XS1114511097)
€34,400,000 Class C Deferrable Mezzanine Floating Rate Notes due 2028
(Reg S: XS1114472845; Rule 144A: XS1114472928)
€28,400,000 Class D Deferrable Mezzanine Floating Rate Notes due 2028
(Reg S: XS1114473223; Rule 144A: XS1114473496)
€38,500,000 Class E Deferrable Junior Floating Rate Notes due 2028
(Reg S: XS1114473652; Rule 144A: XS1114473736)
€18,900,000 Class F Deferrable Junior Floating Rate Notes due 2028
(Reg S: XS1114491126; Rule 144A: XS1114492280)
€58,000,000 Subordinated Notes due 2028
(Reg S: XS1114474114; Rule 144A: XS1114476168)
Reference is made to the trust deed dated 21 October 2014 between, amongst others, the Issuer and Law Debenture Trust Company of New York (as succeeded by Delaware Trust Company), as trustee, including the conditions of the Notes set out at Schedule 3 (Conditions of the Notes) to the Trust Deed (the "Conditions") (the "Trust Deed") pursuant to which the Notes were constituted on the terms and subject to the Conditions.
Capitalised terms used and not otherwise defined in this notice shall have the meanings given thereto in the Trust Deed.
The Issuer hereby notifies each holder of the Notes that the Subordinated Noteholders have passed an Ordinary Resolution on 14 June 2017 exercising their right pursuant to and in accordance with Condition 7(b)(ii) (Optional Redemption in Part- Refinancing of a Class or Classes of Notes in whole by Subordinated Noteholders) to require the Issuer to redeem in whole each of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on 17 July 2017 solely from the Refinancing Proceeds, such redemption being subject to the satisfaction of certain conditions set out in Condition 7(b) (Optional Redemption)) and at each of the following applicable Redemption Prices:
(1) Class A-1 Notes - 100 per cent.;
(2) Class A-2 Notes - 100 per cent.;
(3) Class B-1 Notes - 100 per cent.;
(4) Class B-2 Notes - 100 per cent.;
(5) Class C Notes - 100 per cent.; and
(6) Class D Notes - 100 per cent.,
of the Principal Amount Outstanding thereof in each case plus accrued and unpaid interest (including, if applicable, Deferred Interest) thereon.
JUBILEE CLO 2014-XIV B.V.
15 June 2017
The Noteholders should contact the Issuer with any queries at the address below:
Jubilee CLO 2014-XIV B.V.
Attention: The Managing Directors
Facsimile: +31 20 673 0016
Tel: +31 20 575 5600
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
This information is provided by RNS