MU Finance PLC Announces Amended and Restated Secured Term Facility Agreement Bank of America, N.A
Aug 12 14
On August 11, 2014, Red Football Limited entered into an amendment and restatement agreement dated August 11, 2014, among Red Football, as Obligors' Agent, and Bank of America, N.A., as agent and original lender, relating to the term facility agreement, dated May 20, 2013, among MU Finance plc, as Borrower, and Bank of America, N.A., as original lender (as each term is defined therein). The agreement provides that the Secured Term Facility will be amended and restated (as so amended and restated, the amended facility) to, among other things, provide for an additional loan of up to $7,892,500 (the additional loan), extend the maturity date of the secured term facility to August 8, 2019 and remove the requirement to make amortization payments (with the total outstanding principal amount being payable on the maturity date of the amended facility). Total commitments under the amended facility (including the additional loan) will be $315,700,000 (which is equivalent to the total original commitments as of the date of the secured term facility). The Amended Facility became effective under the agreement on August 11, 2014. The amended facility became effective under the agreement on August 11, 2014.
MU Finance PLC to Redeem 8.75% Senior Secured Notes Due 2017 and 8.375% Senior Secured Notes Due 2017
May 24 13
MU Finance PLC announced that pursuant to Section 3.03 of the indenture, dated as of January 29, 2010, among MU Finance plc, a public limited company incorporated under the laws of England and Wales, the guarantors party thereto, The Bank of New York Mellon as Trustee and Principal Paying Agent, The Bank of New York Mellon as U.S. Paying Agent, U.S. Registrar and Transfer Agent, The Bank of New York Mellon (Luxembourg) S.A. as Luxembourg Registrar, Paying Agent and Transfer Agent and J.P. Morgan Europe Limited, as Security Agent, that pursuant to Section 3.07(d) of the Indenture and paragraph 5(d) of the Notes (as defined below), the Issuer has elected to redeem (in full) 177,775,000 in aggregate principal amount of its outstanding 8.75% Senior Secured Notes due 2017 (the Sterling Notes) and $22,090,000 in aggregate principal amount of its outstanding 8.375% Senior Secured Notes due 2017 at a redemption price, in respect of the Sterling Notes, equal to 108.750% of the principal amount of the Sterling Notes to be redeemed (or 1,087.50 per 1,000.00 in principal amount), and, in respect of the Dollar Notes, equal to 108.375% of the principal amount of the Dollar Notes to be redeemed (or $1,083.75 per $1,000.00 in principal amount) (each a Redemption Price) plus accrued and unpaid interest to 24 June, 2013 (the Redemption Date). The record date with respect to the redemption of the Sterling Notes is 23 June, 2013 and, in respect of the Dollar Notes, is 23 June, 2013. In connection with the redemption of the Sterling Notes the aggregate principal amount of the Global Notes representing the Sterling Notes will be reduced to zero and in connection with the redemption of the Dollar Notes the aggregate principal amount of the Global Notes representing the Dollar Notes will be decreased by $22,090,000. Payment of the applicable Redemption Price, plus accrued and unpaid interest to the Redemption Date, will become due and payable on the Redemption Date only upon the presentation and surrender of the applicable Notes to the Principal Paying Agent.