| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item |
Channel Links meetings for other three series quorate; vote passes
Chicago, Nov. 28 Channel Link Enterprises Finance plc announced that the adjourned meetings were held on Nov. 25 for the remaining three series of notes from its consent solicitation and that the extraordinary resolutions were passed at the quorate meetings based on bondholders of at least one-quarter of the principal amount of each of the notes participating.
The company was seeking to transition the benchmark basis on its notes to Sonia from Libor.
Meetings were originally held on Nov. 11 and then reconvened for half of the series due to some of the meetings not having enough representation.
Accordingly, the extraordinary resolutions for the following series have now been passed:
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).
Previously, at the Nov. 11 meeting, noteholders approved the extraordinary resolutions for the following, as previously reported:
£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).
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 20 7920 9700, eurotunnel@dfking.com, https://sites.dfkingltd.com/ Eurotunnel).
Channel Link Enterprises Finance (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.