16 Mar 2016 09:00
ENTERPRISE INNS plc
(incorporated with limited liability in England and Wales)
refers to invitations by the Unique Pub Finance Company PLC (the Issuer) to any and all holders (the Noteholders) of the outstanding:
£435,000,000 6.542 per cent. Class A3 Asset Backed Notes due 2021 (the Class A3 Notes); and
£535,000,000 5.659 per cent. Class A4 Asset Backed Notes due 2027 (the Class A4 Notes and together with the Class A3 Notes, the Notes),
in each case, issued by the Issuer
16 March 2016. Enterprise Inns plc (the Company or Enterprise) refers to invitations by the Issuer to Noteholders on 2 March 2016 to consent to certain amendments to the documentation of the securitisation transaction involving the Notes as proposed by the Issuer (the Proposals) for approval by an extraordinary resolution (an Extraordinary Resolution) at a meeting of the Noteholders as further described in the Consent Solicitation Memorandum prepared by the Issuer dated 2 March 2016 (the Consent Solicitation Memorandum) (the Consent Solicitation).
Early Consent Deadline
The Early Consent Deadline in respect of the Consent Solicitation was 4.00 p.m. London time on 15 March 2016. As at the Early Consent Deadline, Noteholders representing approximately 97 per cent. of the Principal Amount Outstanding of the Notes had submitted votes in respect of the Extraordinary Resolution. Of those votes submitted prior to the Early Consent Deadline, approximately 99 per cent. were submitted in favour of the Extraordinary Resolution. Each of Enterprise and the Issuer therefore expects the meeting on 24 March 2016 to be quorate and that the Extraordinary Resolution will be passed at such meeting. The Extraordinary Resolution will, if passed, be binding on the holders of all classes of notes issued by the Issuer.
Further details of the Consent Solicitation
The Consent Solicitation and the Proposals are being made on the terms and subject to the conditions contained in the Consent Solicitation Memorandum. This announcement should be read in conjunction with the Consent Solicitation Memorandum. Capitalised terms used but not otherwise defined in this announcement have the meanings given in the Consent Solicitation Memorandum.
The voting deadline falls on 21 March 2016.
Enquires:
Neil Smith, Chief Financial Officer, 0121 733 7700
Tulchan Communications, Jonathan Sibun, 0207 353 4200