Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item |
CELF Low Levered Partners solicits consents for three series of notes
By Jennifer Chiou
New York, March 23 - CELF Low Levered Partners plc announced the start of a consent solicitation for its €30 million of class D-1 subordinated notes due 2024, €15 million of class E zero-coupon notes due 2024 and €10 million of class F zero-coupon notes due 2024.
The Dublin-based fund is seeking consents from holders of two-thirds of each series of notes to, among other things, resolve via an extraordinary resolution that:
• CELF is required to redeem on April 5 the class D proportion of the class E and F notes;
• The 10-day notification requirement for any redemption is waived;
• A downgrade of the class D-1 notes may occur; and
• The trustee is fully discharged and exonerated from all liability under all notes series.
Consents are due by 1 p.m. ET on March 29.
Deutsche Trustee Co. Ltd. is the trustee.
The low levered fund invests in below investment-grade debt.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.