4/1/2023 0 Comments Signature aviation![]() is acting as trustee and paying agent (the "Trustee and Paying Agent") for the Redemption. ![]() The Bank of New York Mellon Trust Company, N.A. The Redemption is being made only pursuant to the Redemption Notice dated April 30, 2021. This press release does not constitute an offer to sell any securities or the solicitation of an offer to purchase any securities. The Redemption may not occur and the Redemption Notice may be rescinded by the Issuer in its sole discretion in the event that the Acquisition Condition and the Financing Condition are not satisfied or waived by the Issuer by the Redemption Date, or by the Redemption Date as so delayed. Companies Act 2006 (as amended, supplemented, waived or otherwise modified from time to time) (the "Acquisition Condition") and (ii) the receipt by the Issuer from Bidco or its affiliates of an amount equal to the Redemption Price (the "Financing Condition").īecause the Redemption is conditioned upon the satisfaction or waiver of the Acquisition Condition and the Financing Condition, none of the Notes shall be due and payable by the Issuer on the Redemption Date unless and until the Acquisition Condition and the Financing Condition are satisfied or waived by the Issuer and, as permitted by the Indenture, the Issuer intends to delay the Redemption Date, as needed to so coincide with or immediately follow the satisfaction or waiver of the Acquisition Condition and the Financing Condition, which may be more than 60 days after the date of the Redemption Notice. and funds advised by Blackstone Core Equity Management Associates L.L.C., (ii) Global Infrastructure Management, LLC and (iii) Cascade Investment, L.L.C., to be effected by means of a court-sanctioned Scheme of Arrangement under Part 26 of the U.K. and the Bill & Melinda Gates Foundation Trust, by Brown Bidco Limited ("Bidco") and Brown Group Holding, LLC, newly formed entities to be indirectly and jointly owned by joint offerors comprising (i) funds advised by Blackstone Infrastructure Advisors L.L.C. The Redemption is being made in connection with, and is expressly conditioned upon, (i) the consummation of the previously announced proposed acquisition of the entire issued and to be issued share capital of Signature (the Issuer's parent company and a guarantor of the Notes), other than shares in Signature owned or controlled by Cascade Investment, L.L.C. ![]() ![]() On the Redemption Date (which may be delayed as described below), the Notes will be redeemed at a redemption price equal to 102.68750% of the aggregate principal amount plus accrued and unpaid interest, if any, to but not including the Redemption Date (the "Redemption Price"). The date fixed for Redemption is J(the "Redemption Date"). (the "Issuer"), a Delaware corporation and wholly-owned subsidiary of Signature Aviation plc ("Signature"), announces its election to redeem in full (the "Redemption"), subject to the satisfaction or waiver of certain conditions, its outstanding $500,000,000 5.375% Senior Notes due 2026 (the "Notes") upon the terms of, and subject to the conditions set forth in, the Notice of Full Conditional Redemption sent to the holders of the Notes on Ap(the "Redemption Notice") in accordance with the requirements under the indenture related to the Notes (the "Indenture"). NEW YORK, Ap/PRNewswire/ - Signature Aviation US Holdings, Inc.
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