GEO Debt, Geo Travel get consents to amend 7˝% notes, 10 3/8% notes

By Susanna Moon

Chicago, March 5 – GEO Debt Finance SCA and Geo Travel Finance SCA said they obtained the needed consents from holders of a majority of each series of notes.

The waiver and the amendments permit eDreams Odigeo SA and its subsidiaries to take actions to improve the tax efficiency of some of the group’s intra-group financing arrangements, according to a company press release.

The supplemental indentures will become operative if the consent fee is paid by 11 a.m. ET on April 1.

As previously announced, GEO Debt solicited consents for its €325 million principal amount of 7˝% senior secured notes due 2018.

Geo Travel solicited consents for its €129 million principal amount of 10 3/8% senior notes due 2019.

The solicitations ended at 11 a.m. ET on March 4. They began Feb. 24.

The consent fee will be €2.00 per €1,000 principal amount.

The tabulation agent is Deutsche Bank AG, London Branch (+44 0 20 7547 5000 or email: xchange.offer@db.com). The solicitation agent is Credit Suisse Securities (Europe) Ltd. (+44 0 20 7883 8763 or email: liability.management@credit-suisse.com).

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