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Elli Finance starts consent solicitation for defaulted notes due 2019
Chicago, Sept. 7 – Elli Finance (UK) plc launched a consent solicitation for its £350 million of 8¾% senior secured notes that were due in 2019, according to an announcement.
The company is seeking noteholder consent to release security in connection with a number of homes, care centers and a hospital.
The solicitation will expire at 11 a.m. ET on Sept. 15.
The security release request requires the consent of the holders of more than half the notes.
Inquiries can be made to Alvarez & Marsal Europe LLP (INS_ELLI@alvarezandmarsal.com, 07770 162735).
GLA Specialist Services Ltd. is the information and tabulation agent (LM@glas.agency).
The complete terms and conditions of the solicitation can be found at https://www.fshc.co.uk/investors-information.
Elli Finance (UK), based in Wilmslow, England, operates as a special-purpose entity. It was set up to issue senior secured notes for Elli Group (UK) Ltd. The company is in administration.
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