Max Two holders OK special early redemption of 5.7% notes due 2024

By Marisa Wong

Los Angeles, March 7 – Max Two Ltd. announced approval and details of the special early redemption of its €100 million 5.7% notes due 2024 (ISIN: XS0201817292).

Max Two will redeem all the outstanding notes on March 8 at €49,322.26 per €50,000 principal amount, representing recovery for noteholders of 98.64% per note, according to a notice on Monday.

The special early redemption was approved by noteholders through an extraordinary resolution set out in a consent solicitation dated Jan. 31. Noteholders voted on the extraordinary resolution at a meeting held on Feb. 22.

After the redemption, the notes will be canceled and will no longer be listed on the Luxembourg Stock Exchange.

Requests for further information in relation to the consent solicitation should be directed to the issuer (attn.: directors; MaxTwoLimited@sannegroup.com; +44 15 3472 2787).

Max Two is a fund based in St. Helier, Jersey.

© 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.