MEMORANDUM

Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA

Retrieved on: 
Wednesday, July 19, 2023
Asset Management, Professional Services, Finance, Jefferies Financial Group, RISKS, Partnership, MassMutual, Investment, Private, Prospectus (finance), BDC, JEF, MEMORANDUM, Investment Company Act of 1940, Register, EBITDA, ADIA, Form 10-K, Registration statement, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, NYSE, Financial services, Security (finance)

Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).

Key Points: 
  • Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).
  • The newly formed BDC will focus on first lien senior secured loans to private equity sponsored U.S. companies.
  • A wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has committed to invest $625 million of equity in the BDC in order to anchor the BDC launch.
  • Thomas Brady, President of Jefferies Finance, said, "This agreement with ADIA to seed our first BDC comes as the tailwinds in the private credit market have never been stronger.

DGAP-News: Polyus Finance Plc: Consent Solicitation Results

Retrieved on: 
Friday, September 9, 2022
MEMORANDUM, Note, ANY, Memorandum, OR, Trust deed, INTO, Security (finance), Issuer

Polyus Finance Plc (the "Issuer") today formally announces that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 20 July 2022 (the"Memorandum").

Key Points: 
  • Polyus Finance Plc (the "Issuer") today formally announces that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 20 July 2022 (the"Memorandum").
  • Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.
  • The Issuer thanks all Noteholders who have responded promptly and participated in the Consent Solicitation and notifies that the Requisite Consents from the Noteholders of the 2028 Notes were obtained before the Consent Deadline (08 September 2022 5:00 p.m. (London time)).
  • As of the Effective Time, I2 Capital Trust Corporation Ltd will act as the new trustee in respect of the 2028 Notes.

DGAP-News: Polyus Finance Plc: Update on Proposals for 2023 and 2024 Notes

Retrieved on: 
Friday, August 5, 2022
London, United Kingdom, Forward-looking statement, MEMORANDUM, Growth, ANY, DGAP, Memorandum, Public expenditure, Proposal, London Stock Exchange, News, OR, Financial Conduct Authority, RNS, INTO, Note, Security (finance), Mobile phone, Issuer, Polyus

Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.

Key Points: 
  • Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.
  • The Issuer hereby notifies the Noteholders of the 2023 and 2024 Notes that the Issuer proceeds with coupon payments in accordance with the Proposals approved by the Written Resolutions of the Noteholders of the 2023 Notes and 2024 Notes and in accordance with the relevant amendments signed in respect of the trust deed dated 7 February 2017 constituting the 2023 Notes and the trust deed dated 29 January 2018 constituting the 2024 Notes.
  • Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements.
  • Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus group's operations.

DGAP-News: Polyus Finance Plc: Consent Solicitation Results and Extension

Retrieved on: 
Thursday, July 28, 2022
Protected trust deed, Memorandum, ANY, OR, Bids for the 2024 and 2028 Summer Olympics, Solicitation, MEMORANDUM, INTO, Trust deed, Security (finance), Note, Issuer

Polyus Finance Plc (the "Issuer") today formally announces that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes") and U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") issued by the Issuer on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 20 July 2022 (the"Memorandum").

Key Points: 
  • Polyus Finance Plc (the "Issuer") today formally announces that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes") and U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") issued by the Issuer on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 20 July 2022 (the"Memorandum").
  • No further actions are required from Noteholders of the 2028 Notes who have already delivered Consent Instructions in the Consent Solicitation.
  • Amendments to the Consent Solicitation for the 2028 Notes are limited to the New Consent Deadline (2028 Notes), as outlined above.
  • Consent Deadline (2028 Notes) - 11 August 2022 (5 p.m. (London time))
    The following table sets forth details of the Notes:

DGAP-News: Polyus Finance Plc: Effectiveness of Proposals for 2023 and 2024 Notes

Retrieved on: 
Tuesday, July 19, 2022
London, Amendment, DGAP, United Kingdom, London Stock Exchange, RNS, Financial Conduct Authority, INTO, ANY, News, Memorandum, MEMORANDUM, OR, Note, Security (finance), Mobile phone, Issuer

On 15 July 2022, Polyus Finance Plc (the "Issuer") announced the results of its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes"), U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").

Key Points: 
  • On 15 July 2022, Polyus Finance Plc (the "Issuer") announced the results of its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes"), U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").
  • Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.
  • The Issuer hereby announces that the Amendment Documents have been executed and that the Proposals in respect of the 2023 Notes and the 2024 Notes have now come into effect.
  • RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

DGAP-News: Polyus Finance Plc: Results of the Consent Solicitation

Retrieved on: 
Monday, July 18, 2022
Trustee, London, Surety, DGAP, United Kingdom, London Stock Exchange, RNS, Financial Conduct Authority, INTO, Consent, ANY, News, Memorandum, MEMORANDUM, OR, Information, Note, Informed consent, Security (finance), Cryptocurrency, Issuer

Polyus Finance Plc (the "Issuer") today formally announces that that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes"), U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").

Key Points: 
  • Polyus Finance Plc (the "Issuer") today formally announces that that it has concluded its consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023 (the "2023 Notes"), U.S.$500,000,000 4.70% Guaranteed Notes due 2024 (the "2024 Notes") and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 (the "2028 Notes") issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").
  • Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Memorandum.
  • The Issuer intends to proceed with new consent solicitation process in relation to the 2028 Notes to replace the trustee respectively.
  • This announcement and the Memorandum contain important information which should be read carefully before any decision is made with respect to the Consent Solicitation.

DGAP-News: Polyus Finance Plc: Extension of Consent Solicitation

Retrieved on: 
Friday, July 1, 2022
Proposal, OR, Solicitation, Trust deed, Information, MEMORANDUM, Consent, Protected trust deed, ANY, Memorandum, INTO, Note, Date, Security (finance), Life insurance, Issuer

On 24 June 2022, Polyus Finance Plc (the "Issuer") announced a consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023, U.S.$500,000,000 4.70% Guaranteed Notes due 2024 and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").

Key Points: 
  • On 24 June 2022, Polyus Finance Plc (the "Issuer") announced a consent solicitation (the "Consent Solicitation") in relation to the outstanding U.S.$800,000,000 5.250% Guaranteed Notes due 2023, U.S.$500,000,000 4.70% Guaranteed Notes due 2024 and U.S.$700,000,000 3.25% Guaranteed Notes due 2028 issued by the Issuer (the "Notes") on the terms and subject to the conditions set forth in the Consent Solicitation Memorandum dated 24 June 2022 (the "Memorandum").
  • Amendments to the Consent Solicitation are limited to the New Record Date and the New Consent Deadline, as outlined above.
  • Noteholders who have already delivered Consent Instructions in the Consent Solicitation will not be deemed to have consented to the Proposals and will need to deliver new Consent Instructions in the Consent Solicitation providing proof of holding as of the New Record Date by no later than the New Consent Deadline.
  • Questions and requests for assistance in connection with the Consent Solicitation may also be directed to the Investor Relations Department of PJSC Polyus.