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Published on 3/16/2016 in the Prospect News Liability Management Daily.

Unique Pub Finance gets enough early votes to amend asset-backed notes

By Susanna Moon

Chicago, March 16 – Unique Pub Finance Co. plc said holders had sent votes for 97% of its £435 million of 6.542% class A3 asset-backed notes due 2021 and its £535 million of 5.659% class A4 asset-backed notes due 2027 by the early consent deadline at 11 a.m. ET on March 15.

Of the votes cast so far, about 99% have voted to amend the asset management agreement and the intercompany loan agreement, according to a company notice.

The issuer said it therefore expects the meeting set for March 24 to be quorate and that the measure will pass.

The consent solicitation was announced March 2.

The solicitation agents are Deutsche Bank AG, London Branch (+44 207 545 8011 or liability.management@db.com) and Royal Bank of Scotland plc (+44 207 085 3781 or liabilitymanagement@rbs.com). The tabulation agent is Deutsche Bank AG, London Branch (+44 207 547 5000 or xchange.offer@db.com).

Unique Pub Finance operates as a subsidiary of Enterprise Inns plc, a leased and tenanted pub company based in Solihull, England.


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