Consent Solicitation Announcement for EMIS Finance B.V.
The financial landscape has recently witnessed a notable development in the existing notes issued by EMIS Finance B.V. These notes, categorized under two distinct series, include:
SERIES LPN-26 U.S. - $50,000,000 8.75 PER CENT. LOAN PARTICIPATION NOTES DUE 7 NOVEMBER 2022 (ISIN: XS1907535576)
SERIES LPN-31 U.S. - $50,000,000 9.50 PER CENT. LOAN PARTICIPATION NOTES DUE 15 OCTOBER 2024 (ISIN: XS222841175)
These financial instruments have been initiated specifically to finance a loan to ABH Limited, enhancing the operational capabilities and growth potential of the company.
Purpose of the Consent Solicitation
Recently, a consent solicitation was launched at the request of certain noteholders. This process, set in motion on a specified recent date, allows noteholders to participate in discussions concerning several important proposals aimed at enhancing financial governance.
Key Proposals Under Consideration
The proposals up for consideration in this solicitation include:
- Removing BNY Mellon Corporate Trustee Services Limited from its role as Trustee.
- Removing The Bank of New York Mellon as the Principal Paying Agent.
- Appointing GLAS Trustees Limited as the new Trustee to manage the notes efficiently.
- Appointing GLAS Trust Company LLC as the new Principal Paying Agent for operational tasks related to the notes.
Invitation for Noteholders
Holders of the notes are encouraged to engage in this process. They are invited to visit the dedicated consent solicitation website, where they can register and obtain comprehensive details regarding the proposals and additional insights into the solicitation process.
Further Information
For additional inquiries or details pertaining to this solicitation, stakeholders should reach out to the appointed solicitation, information, and tabulation agent:
GLAS Specialist Services Limited
55 Ludgate Hill, Level 1, West, London, England, EC4M 7JW
Phone: +44 (0)20 3597 2940
Interested parties can also refer to the consent solicitation website for a clear understanding of how this process may impact them and to access relevant documents.
Conclusion
This recent consent solicitation marks a significant moment for EMIS Finance B.V. as stakeholders evaluate the operational changes outlined. By facilitating active engagement among noteholders, the company aims to enhance governance, transparency, and trust, which are essential for long-term success in the complex financial environment.
Frequently Asked Questions
What is the purpose of the consent solicitation?
The consent solicitation seeks to allow noteholders to vote on key proposals regarding changes in the trustee and paying agent roles associated with the notes issued by EMIS Finance B.V.
Who can participate in the consent solicitation?
Only holders of the specific notes can participate in the consent solicitation, allowing them to express their opinions on the proposed changes.
What are the proposed changes presented to noteholders?
The proposals aim to remove current trustees and agents, replacing them with GLAS Trustees Limited and GLAS Trust Company LLC to better manage the notes.
Where can I find more information about the consent solicitation?
More information can be found on the dedicated consent solicitation website, where noteholders can access all relevant documentation.
Who should be contacted for further inquiries?
Noteholders are encouraged to contact GLAS Specialist Services Limited for any questions or further clarifications regarding the solicitation process.
