RNS Number : 6070H
Elm Park CLO Designated Activity Co
13 March 2018
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS 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 FROM 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.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014
ELM PARK CLO DESIGNATED ACTIVITY COMPANY
(a designated activity company incorporated under the laws of Ireland with registered number 574970)
NOTICE TO NOTEHOLDERS
to the holders of
€324,500,000 Class A-1 Senior Secured Floating Rate Notes due 2029
(ISIN XS1401788705; ISIN XS1401833188; ISIN XS1401791832; ISIN XS1401834079;
ISIN XS1401791089; ISIN XS1401833345)
€60,500,000 Class A-2 Senior Secured Floating Rate Notes due 2029
(ISIN XS1401795668; ISIN XS1401834400; ISIN XS1401796559; ISIN XS1401834665; ISIN XS1401796047; ISIN XS1401834582)
€42,500,000 Class B Senior Secured Deferrable Floating Rate Notes due 2029
(ISIN XS1401800682; ISIN XS1401836108; ISIN XS1401801573; ISIN XS1401838575; ISIN XS1401800922; ISIN XS1401837924)
€26,250,000 Class C Senior Secured Deferrable Floating Rate Notes due 2029
(ISIN XS1401801813; ISIN XS1401841447; ISIN
XS1401805566; ISIN XS1401842098; ISIN XS1401804593; ISIN XS1401841876)
€33,500,000 Class D Senior Secured Deferrable Floating Rate Notes due 2029
(ISIN XS1401806291; ISIN XS1401842254)
€14,000,000 Class E Senior Secured Deferrable Floating Rate Notes due 2029
(ISIN XS1401806614; ISIN XS1401842338)
€56,930,000 Subordinated Notes due 2029
(ISIN XS1401806960; ISIN XS1401842502)
of the Issuer presently Outstanding (the Notes)
Re: Intention to effect Optional Redemption in part through Refinancing
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).
This announcement is released by the Issuer and contains 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) 2016/155, this announcement is made by the board of directors of the Issuer.
The Issuer hereby announces that a Subordinated Noteholder, holding the requisite majority of Subordinated Notes, has informed it that it intends to effect an Optional Redemption of certain Classes of the Rated Notes in part through a Refinancing pursuant to Condition 7(b)(ii) (Optional Redemption in Part - Collateral Manager/Subordinated Noteholders). Further, it is proposed that certain amendments would be made to the Transaction Documents to take effect upon completion of the proposed Refinancing referred to above for which the approval of the Subordinated Noteholders, acting by way of Ordinary Resolution, will be required in accordance with the Conditions.
Additional notices and documentation will be provided to Noteholders as required by the Transaction Documents.
For further information please contact the Collateral Manager using the contact details set out below.
Email: [email protected] - Telephone: +353 1 436 0113.
Email: [email protected] - Telephone: +353 1 436 0122.
Please note that this notice is not a Redemption Notice for the purpose of Condition 7(b)(ii) (Optional Redemption in Part - Collateral Manager/Subordinated Noteholders).
Nothing in this Notice constitutes or contemplates an offer of, an offer to purchase or the solicitation of an offer to sell, any security in any jurisdiction. 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.
No person has been authorised to give information, or to make any representation in connection therewith, other than as contained herein. The delivery of this Notice at any time does not imply that the information in it is correct as at any time subsequent to its date.
13 March 2018
ELM PARK CLO DESIGNATED ACTIVITY COMPANY
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