JZ CAPITAL PARTNERS LIMITED (the
"Company" or "JZCP")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
48761)
LEI 549300TZCK08Q16HHU44
Update in relation
to the Extension of Maturity of the Subordinated Loan Notes
9 September 2022
Further to the announcement made by the Company on 26 August 2022, the Company is pleased to confirm
that the interim extension of the Subordinated Loan Notes through
to 30 September 2022 (being the time
immediately prior to the repayment of the ZDPs due on 1 October 2022) has become effective following
the satisfaction of the relevant conditions precedent.
As noted in the aforementioned announcement, the Subordinated
Loan Notes will, with effect from 30
September 2022, be further extended to 30 September 2023, subject to the satisfaction of
certain further conditions precedent (including (i) no event of
default under the NPA or the Senior Facility, (ii) the payment in
full of all interest accrued and then due on the Subordinated Loan
Notes, and (iii) compliance with the covenants in the Senior
Facility which demonstrate that the Company is permitted to effect
the repayment of the ZDPs).
The Company will make further announcements in relation to the
fulfilment of these further conditions and the effectiveness of the
further extension of the maturity of the Subordinated Loan Notes
and other related amendments as and when required, as well as in
relation to the repayment of the ZDPs also as and when
required.
Unless otherwise defined herein, capitalised terms used in
this announcement have the meanings given to them in the
announcement of the Company titled "Extension of Maturity of
Subordinated Loan Notes as a Smaller Related Party Transaction"
dated 26 August
2022.
______________________________________________________________________________________
For further information:
Kit Dunford / Ed
Berry
FTI Consulting |
+44 (0)7717 417 038 / +44 (0)7703
330 199 |
David Zalaznick
Jordan/Zalaznick Advisers, Inc. |
+1 (212) 485 9410 |
Martin Chapman
Northern Trust International Fund Administration Services
(Guernsey) Limited |
+44 (0)1481 745183 |
Important Notice
This announcement includes statements
that are, or may be deemed to be, "forward-looking statements".
These forward-looking statements can be identified by the use of
forward-looking terminology, including the terms "believes",
"estimates", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology. These forward-looking statements relate to
matters that are not historical facts. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Forward-looking statements are not
guarantees of future performance. The Company's actual investment
performance, results of operations, financial condition, liquidity,
policies and the development of its strategies may differ
materially from the impression created by the forward-looking
statements contained in this announcement. In addition, even if the
investment performance, result of operations, financial condition,
liquidity and policies of the Company and development of its
strategies, are consistent with the forward-looking statements
contained in this announcement, those results or developments may
not be indicative of results or developments in subsequent periods.
These forward-looking statements speak only as at the date of this
announcement. Subject to their legal and regulatory obligations,
each of the Company, Jordan/Zalaznick Advisers, Inc. and their
respective affiliates expressly disclaims any obligations to
update, review or revise any forward-looking statement contained
herein whether to reflect any change in expectations with regard
thereto or any change in events, conditions or circumstances on
which any statement is based or as a result of new information,
future developments or otherwise.