Extension of consent fee lock-up date
17 Jul 2020
Travelex Financing Plc
Extension of consent fee lock-up date
Travelex Financing Plc
17 July 2020
17 July 2020
FOR IMMEDIATE RELEASE
Travelex Financing Plc (“Travelex” or the “Company”)
Extension of consent fee lock-up date
Travelex is pleased to announce that 84% of Senior Secured Noteholders have acceded to the Lock Up Agreement relating to the debt restructuring proposal announced by the Company on 7 July 2020 (the "Proposal").
Consequently, in an effort to maximise the possibility for noteholders to access the 50bps Lock Up Consent Fee announced on 7 July 2020, Travelex has decided to extend the deadline from 5pm on 16 July 2020 to 5pm on 17 July 2020.
Before making a decision with respect to the lock-up agreement, SSNs should carefully consider all of the information.
Further details about the transaction can be obtained from the information and tabulation agent:
GLAS Specialist Services Limited
45 Ludgate Hill
London EC4M 7JU
United Kingdom
Telephone: +44 20 3597 2940
Attention: Manager Liability Management – Travelex
Email: LM@glas.agency
www.glas.agency
SSNs are also encouraged to contact PJT Partners, financial adviser to the AHC, with any questions that they may have in relation to the process (ProjectMullen@pjtpartners.com, +44 (0) 203 650 1100).
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