TransRegionalCapital gets consents to treat 10% note as tier 1

By Wendy Van Sickle

Columbus, Ohio, June 22 – TransRegionalCapital DAC said it received the necessary consents from holders of its $100 million 10% loan participation note due 2020 (ISIN: XS0311369978) to amend the note to make it eligible for tier 1 capital treatment, according to a company notice.

The consent solicitation was announced on May 27. It had an early instruction date of 11 a.m. ET on June 9, whereby holders would be paid a fee of $3 per $1,000 bond for instruction approving the change. A late consent fee of $1 per $1,000 bond will be paid for consents received after that time but by 11 a.m. ET on June 17.

Deutsche Bank AG London Branch is the principal paying agent for the consent solicitation, and Morrow Sodali Ltd. (+44 20 7355 0628) is the tabulation agent.

The provider of long-term general and industrial credit is based in Ireland and conducts financing for Russia’s Transkapital Bank.

© 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.