LendInvest to sell 6½% notes due 2027 with link to exchange offer

Chicago, July 13 – LendInvest Secured Income II plc is selling 6½% notes due Aug. 8, 2027 at par, according to an offering document.

The notes will be 20% guaranteed by LendInvest plc.

The company is offering up to a total of £120 million of notes, inclusive of the offering of the notes for cash and an opportunity for existing noteholders to exchange out of current notes due 2022 and 2023.

The Regulation S notes will form a single class, whether noteholders exchange into them or whether they pay par of £100 cash for them.

The new notes will be issued on Aug. 8.

Allia C&C (City & Continental Ltd.) is acting as dealer manager for the exchange offer and the lead manager for the cash offer.

The notes may be sold publicly by certain initial authorized offerors.

U.S. Bank Trustees Ltd. will be the trustee for the new, unrated senior notes.

Proceeds will be used by the issuer for the purpose of originating or purchasing eligible loans.

LendInvest is a technology-focused property finance asset manager based in London.

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