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 holders of its senior secured notes for proposed amendments. The consent solicitation, which concluded on Monday, received participation from holders representing over 95% of the outstanding principal amount for both the €300 million 1.750% notes due 2026 and the £300 million 3.375% notes due 2028.
The solicitation process, which began on November 22, 2024, sought approval from the note holders to enact certain amendments detailed in the consent solicitation statement. The company confirmed that the required consents were received by the expiration time, leading to the adoption of resolutions for both series of notes through electronic consent.
Note holders who provided valid consents by the deadline and did not revoke them are eligible for a consent fee, amounting to 0.25% of the principal amount of the respective notes. The settlement of the solicitation, including the payment of the consent fee and the granting of Extraordinary Consent Lender (ECL) Rights, is scheduled to occur on December 6, 2024.
The completion of these amendments follows the execution of a supplemental trust deed on Wednesday. Canary Wharf Group Investment Holdings plc has stated that all settlement conditions have been satisfied as of today and are expected to remain so on the settlement date.
The solicitation was managed by Citigroup (NYSE:C) Global Markets Limited and Deutsche Bank AG (NYSE:DB), London Branch, with Kroll Issuer Services Limited serving as the information and tabulation agent. The company has emphasized that this announcement is not an invitation to participate in the solicitation and is intended solely for informational purposes.
This news is based on a press release statement from Canary Wharf Group Investment Holdings plc.
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