JZ CAPITAL PARTNERS LIMITED
(the "Company" or "JZCP")
(a closed-end collective investment scheme incorporated with
limited liability under the laws of Guernsey with registered number
48761)
LEI: 549300TZCK08Q16HHU44
COMPLETION OF
SENIOR FACILITY AMENDMENTS, LOAN NOTE PROPOSAL AND ORANGEWOOD
PROPOSAL
25 June
2021
Unless otherwise defined herein,
capitalised terms used in this announcement have the meanings given
to them in the circular of the Company dated 28 May 2021 (the "Circular").
Further to the announcement made by the Company on 18 June 2021, the Company is now pleased to
confirm that the Loan Note Proposal and the Orangewood Proposal
have both reached completion, following receipt of Shareholder
approval and the satisfaction of all other previously outstanding
conditions precedent.
In addition, the Company is pleased to announce that the
proposal to amend its Senior Facility has also completed, following
the satisfaction of all previously outstanding conditions
precedent.
Further details of the Loan Note Proposal, the Orangewood
Proposal and the amendments to the Senior Facility are set out in
the Circular and in the announcement made by the Company on
17 May 2021.
As previously announced, it remains the Company's intention to
use the proceeds of the Loan Note Proposal (upon the loan notes to
be issued in connection with the same being so issued, which is
expected to occur on 30 July 2021),
together with available cash at hand (including the cash proceeds
of realisations derived from the Orangewood Proposal and the
recently completed sale of JZCP's interest in George Industries),
to redeem the Company's Convertible Unsecured Loan Stock (CULS)
when it becomes due on 30 July 2021
as now permitted under the Amended Senior Facility Agreement. A
further announcement is intended to be released in due course in
connection with the redemption of the CULS.
For further information:
Ed Berry
FTI Consulting |
+44 (0)7703 330
199 |
David Zalaznick
Jordan/Zalaznick Advisers, Inc. |
+1 (212) 485 9410 |
Sam Walden
Northern Trust International Fund Administration Services
(Guernsey) Limited |
+44 (0) 1481
745385 |
Important Notice
This announcement also 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,
JZAI 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.