Elm Corporate Credit - RNS

Elm Corporate Credit - RNS

By dunportcapital
Monday, 17th December 2018
Filed under:


Immediate Release

17 December 2018

Elm Corporate Credit  Designated Activity Company  (the "Issuer")

Re: Notice

On 17 December 2018, the Issuer entered into a Portfolio Sale Agreement pursuant to which it agreed to buy the entire portfolio of loans and other financial instruments of 77 GSL Ireland  Corporate Credit 1 Designated Activity Company (the "Acquired Assets"). The Acquired Assets meet the Eligibility Criteria in respect of assets that may be held by the Issuer and will be added to the Collateral securing the Series 2018-1 €197,000,000 Senior Secured Variable Funding Floating Rate Notes due 10 April 2026 and the Series 2018-1 €86,000,000 Subordinated Secured Variable Funding Notes due 10 April 2026.

The transaction is expected to settle on 31 December 2018.

For any questions relating to this announcement please contact:

Pat Walsh or Ross Morrow

DunPort Capital Management DAC

Email: info@dunportcapitalmanagement.com 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.