Travelex proposes buybacks of new money notes and stapled shares

Chicago, Sept. 28 – Travelex Issuerco 2 plc announced that it was setting aside £12 million from a refinanced £90 million senior facility agreement to conduct buybacks of its new money notes with accompanying stapled shares, according to an announcement.

The company will be contacting each of the holders of the new money notes issued by Travelex Issuerco 2 and then the company anticipates buying a pro rata amount of the notes from each of the noteholders and then Travelex International Ltd. will likewise be repurchasing the stapled ordinary shares at par.

Travelex is a London-based foreign exchange company.

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