Travelex Achieves Success in Consent Solicitation

Travelex Issuerco 2 Plc has announced the successful outcome of its consent solicitation regarding the reduction of certain notes and proceeds loans. The solicitation, affecting the 3.01% Senior Guaranteed Secured Notes due 2029 and the 15% equivalent due 2028, concluded with an approval from the necessary majority of noteholders. This approval facilitates the reduction of the notes and the associated proceeds loans, as outlined in their May announcement.

Following this approval, the Notes Trustee has instructed the clearing systems to implement the pool factor adjustment, effectively reducing the notes. Additionally, Travelex has amended the Proceeds Loans Agreements to finalize the reduction of proceeds loans. This development is part of Travelex's broader financial strategy to manage and optimize its bond obligations.