JZ Capital Ptnrs Ltd Further re: Completion of Loan Note Proposal

 
TIDMJZCP TIDMJZCN 
 
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP") 
(a closed-end collective investment scheme incorporated with limited liability 
           under the laws of Guernsey with registered number 48761) 
                           LEI: 549300TZCK08Q16HHU44 
 
  COMPLETION OF SENIOR FACILITY AMENDMENTS, LOAN NOTE PROPOSAL AND ORANGEWOOD 
                                   PROPOSAL 
 
25 June 2021 
 
Unless otherwise defined herein, capitalised terms used in this announcement 
have the meanings given to them in the circular of the Company dated 28 May 
2021 (the "Circular"). 
 
Further to the announcement made by the Company on 18 June 2021, the Company is 
now pleased to confirm that the Loan Note Proposal and the Orangewood Proposal 
have both reached completion, following receipt of Shareholder approval and the 
satisfaction of all other previously outstanding conditions precedent. 
 
In addition, the Company is pleased to announce that the proposal to amend its 
Senior Facility has also completed, following the satisfaction of all 
previously outstanding conditions precedent. 
 
Further details of the Loan Note Proposal, the Orangewood Proposal and the 
amendments to the Senior Facility are set out in the Circular and in the 
announcement made by the Company on 17 May 2021. 
 
As previously announced, it remains the Company's intention to use the proceeds 
of the Loan Note Proposal (upon the loan notes to be issued in connection with 
the same being so issued, which is expected to occur on 30 July 2021), together 
with available cash at hand (including the cash proceeds of realisations 
derived from the Orangewood Proposal and the recently completed sale of JZCP's 
interest in George Industries), to redeem the Company's Convertible Unsecured 
Loan Stock (CULS) when it becomes due on 30 July 2021 as now permitted under 
the Amended Senior Facility Agreement. A further announcement is intended to be 
released in due course in connection with the redemption of the CULS. 
 
For further information: 
 
Ed Berry                                +44 (0)7703 330 199 
FTI Consulting 
 
David Zalaznick                         +1 (212) 485 9410 
Jordan/Zalaznick Advisers, Inc. 
 
Sam Walden                              +44 (0) 1481 745385 
Northern Trust International Fund 
Administration Services (Guernsey) 
Limited 
 
Important Notice 
 
This announcement also includes statements that are, or may be deemed to be, 
"forward-looking statements". These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms 
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or 
"should" or, in each case, their negative or other variations or comparable 
terminology. These forward-looking statements relate to matters that are not 
historical facts. By their nature, forward-looking statements involve risks and 
uncertainties because they relate to events and depend on circumstances that 
may or may not occur in the future. Forward-looking statements are not 
guarantees of future performance. The Company's actual investment performance, 
results of operations, financial condition, liquidity, policies and the 
development of its strategies may differ materially from the impression created 
by the forward-looking statements contained in this announcement. In addition, 
even if the investment performance, result of operations, financial condition, 
liquidity and policies of the Company and development of its strategies, are 
consistent with the forward-looking statements contained in this announcement, 
those results or developments may not be indicative of results or developments 
in subsequent periods. These forward-looking statements speak only as at the 
date of this announcement. Subject to their legal and regulatory obligations, 
each of the Company, JZAI and their respective affiliates expressly disclaims 
any obligations to update, review or revise any forward-looking statement 
contained herein whether to reflect any change in expectations with regard 
thereto or any change in events, conditions or circumstances on which any 
statement is based or as a result of new information, future developments or 
otherwise. 
 
 
 
END
(END) Dow Jones Newswires
June 25, 2021 02:00 ET (06:00 GMT)
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