Agile Group gets OK to amend 9% notes to match latest 5 1/8% notes

By Susanna Moon

Chicago, Nov. 20 – Agile Group Holdings Ltd. said it obtained the needed consents to amend its $500 million of 9% senior notes due 2020.

Agile executed a supplemental indenture to the notes last Friday, which will become effective upon settlement of the consent fee, according to a company notice.

As announced Nov. 2, the company sought to align the provisions in the note indenture with those of its $200 million of 5 1/8% senior notes due 2022 issued on Aug. 14.

The solicitation ended at 11 a.m. ET on Nov. 17.

Holders who consent will receive a fee of $2.00 per $1,000 principal amount.

Standard Chartered Bank (+852 3983 8643 or Asia-Liability.Management@sc.com) and Hongkong and Shanghai Banking Corp. Ltd. (+852 2822 4100, 212 525-5552, 888 HSBC-4LM, +44 20 7992 6237 or liability.management@hsbcib.com) are solicitation agents. D.F. King Ltd. (+44 20 7920 9700, +852 3953 7230, agile@dfkingltd.com or https://sites.dfkingltd.com/agile) is information agent.

Agile Group is a property developer based in Hong Kong.

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