NEW YORK, April 28, 2017 /PRNewswire/ --
Airspeed Limited ("Airspeed") announced today that its previously announced solicitation of consents (the "Consent Solicitation") described in the consent solicitation statement, dated March 9, 2017 (the "Consent Solicitation Statement") to various amendments (the "Proposed Amendments") to the Indenture governing its Class G-l Notes, Class G-2 Notes and Class C-1 Notes (collectively, the "Notes") expired at 5:00 p.m. New York City time on April 27, 2017 (the "Expiration Date"). As of the Expiration Date, holders representing 55.44% of the aggregate principal amount of the Notes outstanding as of the record date of February 28, 2017 (voting as a single class), validly delivered duly executed consents to the Proposed Amendments. Capitalized terms not otherwise defined herein have the meaning assigned to them in the Consent Solicitation Statement.
The Proposed Amendments required the consents of the holders of at least a majority of the Outstanding Principal Balance (as defined in the Indenture) of the Notes, voting as a single class (the "Requisite Consents"). Global Restructuring Services, Inc., the tabulation and information agent for the Consent Solicitation, has delivered a certification evidencing that the Requisite Consents were obtained and that the Consent Solicitation was successful. Airspeed intends to enter into the Indenture Supplement evidencing the Proposed Amendments as soon as practicable.
R.W. Pressprich & Co. acted as solicitation agent for the Consent Solicitation.
SOURCE Airspeed Limited