Leveraged Finance Europe Capital IV seeks vote on redemption proposal

By Wendy Van Sickle

Columbus, Ohio, March 18 – Leveraged Finance Europe Capital IV BV asked holders of its subordinated notes to vote on redeeming its nine classes of notes due 2022 on May 10, according to an Irish Stock Exchange announcement.

The redemption was proposed by the issuer, some holders of the subordinated notes and investment manager BNP Paribas Asset Management SAS, the announcement states.

The affected notes include

• €26 million of class I-D senior floating-rate delayed-funding notes;

• €158.3 million of class I-N senior floating-rate notes;

• €26.3 million of class II senior floating-rate notes;

• €11.7 million of class III deferrable mezzanine floating-rate notes;

• €19.9 million of class IV deferrable mezzanine floating-rate notes;

• €7.4 million of class V deferrable mezzanine floating-rate notes;

• €27.2 million of subordinated notes;

• €6.4 million of class P combination notes; and

• €25.4 million of class Q combination notes.

The subordinated noteholders are being asked to submit their votes on the proposed redemption to Euroclear/Clearstream, Luxembourg by 7 a.m. ET on April 11.

In order to pass, the redemption proposal requires support from holders of at least two-thirds of the subordinated notes.

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