Information  X 
Enter a valid email address

Man GLG Euro CLO II (IRSH)

  Print      Mail a friend

Wednesday 24 July, 2019

Man GLG Euro CLO II

Notice to Noteholders

RNS Number : 6104G
Man GLG Euro CLO II DAC
24 July 2019
 

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.

 

If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisors as you deem necessary.

 

This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.

 

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

 

THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

 

MAN GLG EURO CLO II D.A.C.

(formerly GLG EURO CLO II D.A.C.)

(a designated activity company incorporated under the laws of Ireland with registered number 566338 and having its registered office in Ireland)

3rd Floor, Kilmore House,

Park Lane, Spencer Dock

Dublin 1, Ireland

€207,000,000 Class A-1 Senior Secured Floating Rate Notes due 2030
CM Removal and Replacement Voting Notes

(Regulation S ISIN: XS1516362255 / Rule 144A ISIN: XS1516362412)

CM Removal and Replacement Non-Voting Exchangeable Notes

(Regulation S ISIN: XS1517301328 / Rule 144A ISIN: XS1517301757)

CM Removal and Replacement Non-Voting Notes

(Regulation S ISIN: XS1517301245 / Rule 144A ISIN: XS1517301674)

€10,000,000 Class A-2 Senior Secured Fixed Rate Notes due 2030
CM Removal and Replacement Voting Notes

(Regulation S ISIN: XS1516363576 / Rule 144A ISIN: XS1516362503)

CM Removal and Replacement Non-Voting Exchangeable Notes

(Regulation S ISIN: XS1517302136 / Rule 144A ISIN: XS1517302300)

CM Removal and Replacement Non-Voting Notes

(Regulation S ISIN: XS1517301914 / Rule 144A ISIN: XS1517302219)

€43,900,000 Class B Senior Secured Floating Rate Notes due 2030
CM Removal and Replacement Voting Notes

(Regulation S ISIN: XS1516362685 / Rule 144A ISIN: XS1516363659)

CM Removal and Replacement Non-Voting Exchangeable Notes

(Regulation S ISIN: XS1517302565 / Rule 144A ISIN: XS1517302722)

CM Removal and Replacement Non-Voting Notes

(Regulation S ISIN: XS1517302482 / Rule 144A ISIN: XS1517302649)

€17,700,000 Class C Deferrable Mezzanine Floating Rate Notes due 2030
CM Removal and Replacement Voting Notes

(Regulation S ISIN: XS1516362768 / Rule 144A ISIN: XS1516362842)

CM Removal and Replacement Non-Voting Exchangeable Notes

(Regulation S ISIN: XS1517303027 / Rule 144A ISIN: XS1517303530)

CM Removal and Replacement Non-Voting Notes

(Regulation S ISIN: XS1517302995 / Rule 144A ISIN: XS1517303456)

€17,300,000 Class D Deferrable Mezzanine Floating Rate Notes due 2030
CM Removal and Replacement Voting Notes

(Regulation S ISIN: XS1516363733 / Rule 144A ISIN: XS1516362925)

CM Removal and Replacement Non-Voting Exchangeable Notes

(Regulation S ISIN: XS1517303373 / Rule 144A ISIN: XS1517303969)

CM Removal and Replacement Non-Voting Notes

(Regulation S ISIN: XS1517303290 / Rule 144A ISIN: XS1517303704)

€19,200,000 Class E Deferrable Junior Floating Rate Notes due 2030
(Regulation S ISIN: XS1516363063 / Rule 144A ISIN: XS1516363816)

€7,700,000 Class F Deferrable Junior Floating Rate Notes due 2030
(Regulation S ISIN: XS1516363147 / Rule 144A ISIN: XS1516363220)

€41,200,000 Subordinated Notes due 2030
(Regulation S ISIN: XS1516363907 / Rule 144A ISIN: XS1516363493)

(together, the "Notes")

(a)        We refer to the trust deed dated 14 December 2016 (the "Trust Deed") made between MAN GLG Euro CLO II D.A.C. (as "Issuer"), U.S. Bank National Association (as "Trustee", "Registrar" and "Transfer Agent"), Elavon Financial Services DAC (as "Collateral Administrator", "Principal Paying Agent", "Custodian", "Calculation Agent", "Account Bank" and "Information Agent") and GLG Partners LP (as "Investment Manager") constituting the Notes.

(b)        Capitalised terms used herein and not specifically defined will bear the same meanings as in the Trust Deed (and the Conditions therein).

(c)        Pursuant to Condition 7(b)(iv) (Terms and Conditions of an Optional Redemption), the Issuer hereby notifies each Noteholder that, subject to satisfaction of the conditions set out in Condition 7(b) (Optional Redemption), the Issuer will redeem in full each of the Class A-1 Notes and the Class C Notes on or about 23 August 2019 solely from Refinancing Proceeds at each of the following applicable Redemption Prices:

(i)         Class A-1 Notes - 100 per cent.; and

(ii)        Class C Notes - 100 per cent.,

in each case plus accrued and unpaid interest thereon and Deferred Interest (if applicable).

(d)        Each of Clauses 26 (Limited Recourse and Non-petition) and 29 (Governing Law and Jurisdiction) of the Trust Deed are incorporated in this notice as if set out in full herein.

(e)        No person has been authorised to give information, or to make any representation in connection with this Notice, other than contained herein. The delivery of this Notice at any time does not imply that the information contained within it is correct as at any time subsequent to its date.

MAN GLG EURO CLO II D.A.C.

24 July 2019

Enquiries:

MAN GLG Euro CLO II D.A.C.

3rd Floor, Kilmore House

Park Lane, Spencer Dock

Dublin 1

Ireland

Attention:         The Directors

Facsimile:        +353 (0)1 614 6250

Email:              [email protected]         

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
ISECKQDQNBKDDOB

a d v e r t i s e m e n t