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Elli sells eight operating sites, will repay noteholders £29.8 million
Chicago, Nov. 20 – Elli Finance (UK) plc and Elli Investments Ltd., both in administration, announced that a partial payment to noteholders of the £350 million 8¾% senior secured notes due 2019 will be made on Nov. 21, according to an announcement.
The company will make a pro rata payment of £29,801,970.27 principal amount from the proceeds of a sale of eight operating sites in the group’s core portfolio for an aggregate value of £31.38 million.
Elli Finance (UK), based in Wilmslow, England, operates as a special-purpose entity. It was set up to issue senior secured notes for Elli Group (UK) Ltd.
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