E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item
Published on 11/11/2022 in the Prospect News Liability Management Daily.

Channel Link holds quorate meetings for three series, adjourns three

Chicago, Nov. 11 – Channel Link Enterprises Finance plc announced the results of meetings held so that noteholders could vote for a benchmark transition to Sonia from Libor on six series of notes.

Meetings were held on Nov. 11.

Extraordinary resolutions were passed for the following three series:

• £319,896,468 outstanding tranche A1 secured fixed-rate notes due 2046 (ISIN: XS0314427534);

• £350 million tranche A5 secured variable-rate notes due 2050 (ISIN: XS1620778131); and

• £336.5 million outstanding tranche A6 secured fixed-rate notes due 2050 (ISIN: XS1620778727).

The meetings for three of the other tranches were not quorate. Adjourned meetings for the following three series will be held starting at 5 a.m. ET on Nov. 25:

• €495,282,244 outstanding tranche A2 secured fixed-rate notes due 2041 (ISIN: XS0314428185);

• €528 million outstanding tranche A8 secured variable-rate notes due 2050 (ISIN: XS1620780202); and

• €80 million outstanding tranche A9 secured fixed-rate notes due 2050 (ISIN: XS1620780897).

Holders of the €140 million outstanding tranche A10 secured fixed-rate notes due 2050 (ISIN: XS1620781606) were allowed to approve via written resolution. The company announced that the written resolution was duly passed.

More information is available from D.F. King & Co., Inc., the information and tabulation agent for the solicitation (+44 207 920 9700, eurotunnel@dfking.com, https://sites.dfkingltd.com/ Eurotunnel)

Channel Link Enterprises Finance plc (CLEF), is a bankruptcy-remote orphan entity, which serves as the financing vehicle for companies in the Eurotunnel Holding SAS group, a fully-owned subsidiary of Getlink SE.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.