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Prospect News home > News index > List of issuers E > Headlines for Elli Finance (UK) plc > News item
Published on 8/29/2018 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Elli Finance (UK) misses June interest payment, defaults on 8¾% notes

By Caroline Salls

Pittsburgh, Aug. 29 – Elli Finance (UK) plc is in default on its 8¾% senior secured notes due 2019, according to a notice released Wednesday.

Notes trustee Wilmington Trust NA said the default stemmed from the company’s failure to make an interest payment due on the notes on June 15.

A certificate notifying the trustee of the default was dated July 18.

Elli Finance (UK), based in Wilmslow, England, operates as a special purpose entity, which was set up to issue senior secured notes.


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