| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Honours plc > News item |
Honours starts consent solicitation for asset-backed notes due 2029
Chicago, Sept. 12 – Honours plc started a consent solicitation to prepare the cessation of Libor as a benchmark rate and wishes to transition the benchmark rate underlying its asset-backed floating-rate notes due 2029 to Sonia, according to an announcement.
The consent solicitation applies to the £54.2 million class A2 notes, the £33.35 million class B notes, the £18 million class C notes, the £11.95 million class D notes and the £8.75 million class E notes.
If the consent solicitation is unsuccessful for some reason, at a certain point the notes will become fixed-rate notes.
The solicitation was launched on Sept. 12, and the expiration deadline for the delivery of instructions is at 5 a.m. ET on Sept. 30.
Meetings will be held starting at 5 a.m. ET on Oct. 4.
The effective date is planned for Nov. 10.
D.F. King & Co., Inc. is the information and tabulation agent for the offer (+44 20 7920 9700, honours@dfking.com, https://sites.dfkingltd.com/honours).
© 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.