Source - RNS
RNS Number : 5552O
CVC Cordatus Loan Fund III DAC
18 May 2018
 

Notice from the Issuer to the Noteholders Upon Passing of the Ordinary 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 DEPOSITORIES, 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 III DESIGNATED ACTIVITY COMPANY

(a designated activity company incorporated under the laws of Ireland)

 (the Issuer)

NOTICE TO NOTEHOLDERS

 

235,500,000 Class A-1 Senior Secured Floating Rate Notes due 2027 in the form of CM Voting Notes (ISIN: XS1525464167 / XS1525464753)

€235,500,000 Class A-1 Senior Secured Floating Rate Notes due 2027 in the form of CM Non-Voting Notes (ISIN: XS1525464324 / XS1525464597)

€21,100,000 Class A-2 Senior Secured Fixed Rate Notes due 2027 in the form of CM Voting Notes (ISIN: XS1525464910 / XS1525465214)

€21,100,000 Class A-2 Senior Secured Fixed Rate Notes due 2027 in the form of CM Non-Voting Notes (ISIN: XS1525464837 / XS1525465131)

€38,000,000 Class B-1 Senior Secured Floating Rate Notes due 2027 in the form of CM Voting Notes (ISIN: XS1525465560 / XS1525465727)

€38,000,000 Class B-1 Senior Secured Floating Rate Notes due 2027 in the form of CM Non-Voting Notes (ISIN: XS1525465487 / XS1525465990)

€14,500,000 Class B-2 Senior Secured Fixed Rate Notes due 2027 in the form of CM Voting Notes (ISIN: XS1525466295 / XS1525466535)

€14,500,000 Class B-2 Senior Secured Fixed Rate Notes due 2027 in the form of CM Non-Voting Notes (ISIN: XS1525466378 / XS1525466618)

€14,700,000 Class C-1 Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Voting Notes

(ISIN: XS1525466881 / XS1525467186)

€14,700,000 Class C-1 Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Non-Voting Notes

ISIN: XS1525467004 / XS1525467269)

€9,400,000 Class C-2 Senior Secured Deferrable Fixed Rate Notes due 2027 in the form of CM Voting Notes

(ISIN: XS1525467426 / XS1525467855)

€9,400,000 Class C-2 Senior Secured Deferrable Fixed Rate Notes due 2027 in the form of CM Non-Voting Notes

(ISIN: XS1525467699 / XS1525467939)

€21,600,000 Class D Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Voting Notes

(ISIN: XS1052138911 / XS1052138325)

€21,600,000 Class D Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Non-Voting Notes

(ISIN: XS1063456781 / XS1063456195)

€33,800,000 Class E Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Voting Notes

(ISIN: XS1052139489 / XS1052139216)

€33,800,000 Class E Senior Secured Deferrable Floating Rate Notes due 2027 in the form of CM Non-Voting Notes

(ISIN: XS1063458050 / XS1063457326)

€13,500,000 Class F Senior Secured Deferrable Floating Rate due 2027 in the form of CM Voting Notes

(ISIN: XS1052141899 / XS1052139992)

€13,500,000 Class F Senior Secured Deferrable Floating Rate due 2027 in the form of CM Non-Voting Notes

(ISIN: XS1062596231 / XS1062596074)

€47,900,000 Subordinated Notes due 2027

(ISIN: XS1052142608 / XS1052142434)

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 the Subordinated Noteholders acting by Ordinary Resolution have exercised their right pursuant to and in accordance with Condition 7(b)(i)(A) to direct the Issuer to redeem by way of liquidation the Rated Notes in whole at the applicable Redemption Prices from Sale Proceeds.

Pursuant to Condition 7(b)(iv)(A), we hereby notify you that, subject to satisfaction of the conditions precedent and other provisions set out in Condition 7(b), we will redeem all Rated Notes in whole at a price of 100 per cent. of the Principal Amount Outstanding thereof plus accrued and unpaid interest (including, if applicable, Deferred Interest) thereon on the proposed Redemption Date of 20 June 2018.

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.

 

18 May 2018

CVC CORDATUS LOAN FUND III DESIGNATED ACTIVITY COMPANY

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 

 


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