Travelex Issuerco 2 Plc: Consent Solicitation for New Money Notes

Travelex Issuerco 2 Plc has announced a consent solicitation for its 12.5% Senior Guaranteed Secured Notes due 2025. The solicitation aims to seek approval from noteholders to implement changes to the notes' terms. The proposed amendments include extending the maturity date to 31 March 2029, reducing the interest rate to 3.01% per annum, and setting a new minimum PIK interest amount of 3.0% per annum. Additionally, the amendments impose further restrictions on the issuer.

The resolution requires consent from at least 75% of the noteholders. Noteholders need to submit their consent by 12 May 2025 via electronic voting instructions. The resolution's implementation is conditional on the majority's consent and applies to both Sterling and Euro Notes. Changes will not be effective unless applied to both note types simultaneously.