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JZ Capital Partners Ltd - Extension of Maturity of Subordinated Loan Notes

·3-min read

(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.