Omnia Bonds II pushes back adjourned meetings for 2022, 2023 notes

By Marisa Wong

Los Angeles, Oct. 20 – Omnia Bonds II plc is postponing the adjourned meetings to consider extraordinary resolutions relating to its €250 million series 2017-F1 7¼% secured notes due 2022 (ISIN: GB00BF1SSQ94) and €250 million series 2018-F2 6½% secured notes due 2023 (ISIN: GB00BFM7CV87), according to notices.

The adjourned meetings have been postponed to Nov. 21, with the meeting for the 2023 notes starting at 7 a.m. ET and the meeting for the 2022 notes starting at 7:30 a.m. ET.

The issuer originally held meetings on Sept. 21 that failed to meet the quorum requirements, so the meetings were adjourned to Oct. 17.

To attend the adjourned meeting, a noteholder must establish its entitlement by delivering proof of holding. The trustee postponed the adjourned meeting to give holders as much as time as possible to provide the necessary authorizations.

For each series, the quorum at the original meeting was one or more persons holding or representing more than half of the total principal amount of the outstanding notes; at any adjourned meeting, the quorum is one or more persons holding or representing whatever principal amount of notes held or represented.

An event of default was declared previously for each series of notes when the issuer repeatedly failed to make interest payments on the notes.

The trustee is Truva Trust Corp. plc (info@truvacorp.com).

As previously reported, the issuer is also able to answer questions (dealing@omnia-bonds.com).

The issuer is a London-based investment holding company.

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