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Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item
Published on 7/8/2022 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Elli seeks to release assets securing £350 million 8¾% notes due 2019

By Devika Patel

Knoxville, Tenn., July 8 – Elli Finance (UK) plc is seeking consents from the holders of its £350 million of 8¾% senior secured notes due 2019 to release the assets used as collateral to secure the notes, according to a press release.

The consent solicitation will expire at 4 p.m. GMT on July 15. The company is not paying a consent fee.

To release the assets, the company must receive consents from holders of at least 50% of the notes.

Elli Finance (UK), based in Wilmslow, England, operates as a special-purpose entity. It was set up to issue senior secured notes for Elli Group (UK) Ltd.


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