Kowloon-Canton Railway gets needed consents for 8% notes

By Jennifer Chiou

New York, Oct. 11 - Kowloon-Canton Railway Corp. said it obtained the required consents to amend the indenture governing its $1 billion 8% notes due 2010 in connection with the proposed merger between the company and MTR Corp. Ltd.

The consent solicitation ended at 5 p.m. ET on Sept. 28. It began on Sept. 10.

The company said it will execute a supplemental indenture.

Noteholders who consent will receive $2.50 per $1,000 principal amount of notes.

Kowloon-Canton needed consents from holders of at least two-thirds of the outstanding notes.

HSBC Securities (USA) Inc. (888 472-2456 in the United States or 212 525-5552 internationally) was the solicitation agent, and Lucid Issuer Services (852 2526-5406 or kcrcinfo@lucid-is.com.hk) was the information and tabulation agent.

The Hong Kong-based railroad operator was also soliciting consents from holders of notes issued under its medium-term note program and holders of its Hong Kong dollar retail notes in connection with the proposed merger.

© 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.