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Travelex sets Tuesday noteholder call to discuss debt restructuring
By Sarah Lizee
Olympia, Wash., July 13 – Travelex Financing plc is inviting senior secured noteholders to a conference call at noon ET on July 14 to explain the rationale for its proposed debt restructuring, according to a London Stock Exchange notice.
The company also reminded noteholders that any holder who accedes to a lock-up agreement by noon ET on July 16 will receive a consent fee in the amount of 50 basis points of the total locked-up noteholder debt held by that acceding noteholder on the consent fee date, payable in cash upon the restructuring effective date.
The information and tabulation agent is GLAS Specialist Services Ltd. (+44 20 3597 2940, LM@glas.agency).
Travelex is a London-based foreign exchange company.
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