Canary Wharf Group secures noteholder approvals for the amendment through Investing.com
LONDON – Canary Wharf Group Investment Holdings plc, a company incorporated in England and Wales, announced today that it has successfully obtained the necessary consents from the holders of its senior secured notes in relation to the proposed amendments. The consent application, completed on Monday, received participation from holders representing more than 95% of the principal amount of both the €300 million 1.750% notes due 2026 and the £300 million 3.375% notes due in -2028.
The solicitation process, which began on November 22, 2024, sought consent from noteholders to make certain detailed amendments to the consent solicitation statement. The Company ensured that the necessary approvals were obtained at the time of expiry, leading to the acceptance of the decisions of both series of notes by electronic approval.
Holders of notes who have given valid consents at the deadline and who have not withdrawn them are eligible for a consent fee, amounting to 0.25% of the principal amount of the relevant notes. Settlement of the application, including the payment of the concession fee and the granting of the Extraordinary Licensing Lender’s Rights (ECL), is scheduled to take place on 6 December 2024.
The completion of these amendments follows the execution of the supplement trust deed on Wednesday. Canary Wharf Group Investment Holdings plc has indicated that all accommodation conditions have been satisfied as of today and are expected to remain so on settlement date.
The application is managed by Citigroup (NYSE:) Global Markets Limited and Deutsche Bank AG (NYSE:), London Branch, with Kroll Issuer Services Limited acting as information and table agent. The company emphasized that this announcement is not an invitation to participate in the solicitation and is intended for informational purposes only.
This news is based on a press release from Canary Wharf Group Investment Holdings plc.
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