Pacific & Western holders vote overwhelmingly to amend series C notes

By Susanna Moon

Chicago, March 8 - Pacific & Western Credit Corp. said that 97% of holders voted to amend its series C notes at a meeting held on March.

There was more than 53% of noteholders represented at the meeting, according to a company press release.

"I am very pleased with the tremendous support shown by the noteholders of [Pacific & Western] of this next step in the plan for the bank to become a reporting issuer," David Taylor, president and chief executive officer of the company and its wholly owned subsidiary Pacific & Western Bank of Canada, said in the release.

Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp. The parent company of Pacific & Western Bank of Canada is based in Toronto.

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