Cabot Credit Management Announces Completion of 2019 Bond Redemption
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CABOT FINANCIAL (LUXEMBOURG) S.A.
Cabot Financial (Luxembourg) S.A. announces the completion of its conditional redemption of its outstanding £265,000,000 10.375% Senior Secured Notes due 2019
At a price of 105.188% of the Principal Amount Thereof
(Regulation S Notes: Common Code 078393505, ISIN XS0783935058)
(Rule 144A Notes: Common Code 078393475, ISIN XS0783934754)
October 6, 2016 — Cabot Financial (Luxembourg) S.A. (the “Issuer”) announces today the completion of its
conditional redemption (“Redemption”) of its outstanding £265,000,000 10.375% Senior Secured Notes due
2019 (the “Notes”).
The Redemption was made upon the terms and conditions of the conditional notice of redemption dated as of September 26, 2016 (the “Redemption Notice”). The Redemption was subject to the terms and conditions set forth in the Redemption Notice, including a financing condition and applicable law. Capitalized terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Redemption Notice.
The Issuer hereby announces that the Condition (as defined in the Redemption Notice) has been satisfied and therefore, pursuant to Section 3.07(a) of the indenture governing the Notes, £265,000,000 in aggregate principal amount of Notes were redeemed, at a purchase price equal to 105.188% of the principal amount of the Notes on the date of purchase plus accrued and unpaid interest, from and including the date of the most recent payment of interest on the Notes to but excluding the Redemption Date (as defined in the Redemption Notice).
For media enquiries, please contact:
PR Manager, Cabot Credit Management
Tel: +44 (0) 7780 495082
For Investor Relations:
Mr. Craig Buick
Chief Financial Officer, Cabot Credit Management
Tel: + 44 (0)1753 724 049
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