Travelex Issuerco 2 Plc: Buy back new money notes and stapled shares
EQS-News: Travelex Issuerco 2 Plc / Key word(s): Miscellaneous
Travelex Issuerco 2 Plc: Buy back new money notes and stapled shares
27.09.2023 / 20:20 CET/CEST
The issuer is solely responsible for the content of this announcement.*Travelex Issuerco 2 Plc*
*Buy back new money notes and stapled ordinary shares*
Travelex Issuerco 2 Plc
*Travelex Issuerco 2 Plc ("Travelex")*
27 September 2023
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*Travelex announces process to buy back new money notes and stapled ordinary shares*
Further to each of the announcements published by Travelex on 12 September 2023 and 22 September 2023 regarding the proposed refinancing of its existing senior facilities agreement (the "*Refinancing*") and the subsequent completion of the Refinancing by its entry into a new senior facility agreement (the "*New SFA*"), Travelex is pleased to announce that it will shortly be initiating the process to buy back the new money notes issued by Travelex and the ordinary shares of Travelex International Limited ("*TIL*") which are stapled to such new money notes as referred to in such announcements (the "*Proposed Buybacks*").
Travelex has raised £90 million under the New SFA and, pursuant to the terms of the New SFA, £12 million of this £90 million has been made available to conduct the proposed Buybacks.
Travelex and TIL will shortly be contacting each of the holders of the Sterling new money notes issued by Travelex (the "*Sterling Notes*") and the ordinary shares of TIL stapled to such Sterling Notes (the "*Stapled Ordinary Shares*") regarding the Proposed Buybacks, which are anticipated to involve: (1) Travelex repurchasing the Sterling Notes held by each holder of Sterling Notes pro rata to each holder's holding of Sterling Notes; and (2) TIL repurchasing the Stapled Ordinary Shares at par value.
Enquiries:
Travelex
For investor related queries:
Victoria.Benis-Lonsdale@travelex.com
For other enquiries:
Press@travelex.com
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27.09.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
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Language: English
Company: Travelex Issuerco 2 Plc
8 Sackville Street
W1S 3DG London
United Kingdom
Phone: +44(0)7584336458
E-mail: Victoria.benis-lonsdale@travelex.com
Internet: https://www.travelex-corporate.com/
ISIN: XS2248458049, XS2248456936
WKN: A284QJ
Listed: Vienna Stock Exchange
EQS News ID: 1736195
End of News EQS News Service