Rothschild & Co. Continuation seeks consents to replace Libor with SOFR

By Marisa Wong

Los Angeles, June 22 – Rothschild & Co. Continuation Finance BV announced a consent solicitation for its $200 million primary capital undated floating-rate notes guaranteed by Rothschild & Co. Continuation Ltd. (ISIN: GB0047524268).

The issuer is seeking consents from noteholders to change the reference rate for the notes to SOFR from Libor.

Holders will vote on an extraordinary resolution to amend the notes at a meeting.

The issuer is offering a 0.05% consent fee.

Consent instructions are due by 11 a.m. ET on July 11.

The meeting is scheduled for 6 a.m. ET on July 14 in London.

If approved, the amendment will be executed on July 17.

Payment of any consent fee will be made no later than 10 business days after the meeting date.

The tabulation agent is Kroll Issuer Services Ltd. (+44 20 7704 0880; attn.: Owen Morris; rothschild@is.kroll.com; https://deals.is.kroll.com/rothschild).

The issuer is based in Amsterdam. Rothschild & Co. is a financial services group with headquarters in Paris and London.

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