Source - RNS
RNS Number : 4759J
CVC Cordatus Loan Fund V Limited
28 June 2017
 

Notice from the Issuer to the Noteholders Upon PASSING of unanimous resolution

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS.  IF HOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM), OR OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this Notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

 

CVC CORDATUS LOAN FUND V LIMITED

(a private company limited by shares in Ireland with limited liability under registered number 554659)

(the Issuer)

NOTICE TO NOTEHOLDERS

 

€264,735,000 Class A-1 Senior Secured Floating Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212471780 / Rule 144A ISIN: XS1212475773)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212475344 / Rule 144A ISIN: XS1212476235)

(CM Non-Voting Notes - Regulation S ISIN: XS1212474883 / Rule 144A ISIN: XS1212475930)

€5,265,000 Class A-2 Senior Secured Fixed Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212471608 / Rule 144A ISIN: XS1212473562)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212472838 / Rule 144A ISIN: XS1212474537)

(CM Non-Voting Notes - Regulation S ISIN: XS1212472242 / Rule 144A ISIN: XS1212474024)

€36,865,000 Class B-1 Senior Secured Floating Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212471517 / Rule 144A ISIN: XS1212473307)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212472754 / Rule 144A ISIN: XS1212474453)

(CM Non-Voting Notes - Regulation S ISIN: XS1212472168 / Rule 144A ISIN: XS1212473992)

€12,635,000 Class B-2 Senior Secured Fixed Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212472085 / Rule 144A ISIN: XS1212475856)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212475427 / Rule 144A ISIN: XS1212476318)

(CM Non-Voting Notes - Regulation S ISIN: XS1212475187 / Rule 144A ISIN: XS1212476078)

€27,000,000 Class C Senior Secured Deferrable Floating Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212471947 / Rule 144A ISIN: XS1212473729)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212473059 / Rule 144A ISIN: XS1212474701)

(CM Non-Voting Notes - Regulation S ISIN: XS1212472671 / Rule 144A ISIN: XS1212474370)

€25,250,000 Class D Senior Secured Deferrable Floating Rate Notes due 2029

(CM Voting Notes - Regulation S ISIN: XS1212471863 / Rule 144A ISIN: XS1212473646)

(CM Non-Voting Exchangeable Notes - Regulation S ISIN: XS1212472911 / Rule 144A ISIN: XS1212474610)

(CM Non-Voting Notes - Regulation S ISIN: XS1212472598 / Rule 144A ISIN: XS1212474297)

€28,750,000 Class E Senior Secured Deferrable Floating Rate Notes due 2029

(Regulation S ISIN: XS1212475690 / Rule 144A ISIN: XS1212476409)

€15,150,000 Class F Senior Secured Deferrable Floating Rate Notes due 2029

(Regulation S ISIN: XS1212473216 / Rule 144A ISIN: XS1212475005)

€47,800,000 Subordinated Notes due 2029

(Regulation S ISIN: XS1212473133 / Rule 144A ISIN: XS1212474966)

of the Issuer presently Outstanding

(the Notes)

Terms used but not otherwise defined in this Notice shall have the meanings given to them in the terms and conditions of the Notes (the Conditions).

 

We hereby notify each Noteholder that, on 16 June 2017, the Subordinated Noteholders passed a Unanimous Resolution in the form published on the Irish Stock Exchange on 9 June 2017.  Pursuant to the Unanimous Resolution, the Subordinated Noteholders, among other things:

(a)        exercised their right pursuant to and in accordance with Condition 7(b)(i)(A) to require the Issuer to redeem the Rated Notes in whole at the applicable Redemption Prices from Refinancing Proceeds (as we previously notified each Noteholder on 19 and 20 June 2017); and

(b)        agreed that any amendments to the Conditions, the Trust Deed or the other Transaction Documents proposed to be made to facilitate or otherwise in connection with the redemption in whole described in paragraph (a) above, may be passed by way of Extraordinary Resolution (and for the avoidance of doubt, no such proposed amendments shall require a Unanimous Resolution, notwithstanding any requirement of the Conditions or the Trust Deed).

This Notice and any non-contractual obligations arising out of or in connection with this Notice are governed by and shall be construed in accordance with the laws of England and Wales.

 

28 June 2017

CVC CORDATUS LOAN FUND V LIMITED

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 


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