Iceland Bondco seeks consents to amend notes due 2025, 2028

By Marisa Wong

Los Angeles, March 29 – Iceland Bondco plc launched a consent solicitation relating to its 4 5/8% senior secured notes due 2025 (ISIN: XS1681806326, XS1681810781) and its 4 3/8% senior secured notes due 2028 (ISIN: XS2304198331, XS2304223543), according to a notice.

The issuer is asking noteholders to approve some amendments and waivers to the indentures governing the notes.

For each series, approval of the proposed changes and waivers requires consents from holders of a majority in principal amount of the outstanding notes.

No consideration will be paid to consenting holders, the issuer noted.

The consent solicitation will expire at 10 a.m. ET on April 6.

The solicitation agent is HSBC Bank plc (LM_EMEA@hsbc.com; +44 20 7992 6237).

The tabulation and information agent is Kroll Issuer Services (iceland@is.kroll.com; attn.: Owen Morris; +44 20 7704 0880).

The frozen food retailer is based in the United Kingdom.

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