StockCo Holdings Pty Ltd (StockCo) is seeking consent, by way of a special resolution, from holders of its 8.75% notes due 6 October 2022 to amend certain terms of the Notes as set out in the Notice of Meeting of Noteholders and Explanatory Memorandum dated 4 June 2018.
StockCo is seeking to refinance some of its senior funding facilities with a securitisation trust structure. A securitisation facility has been deemed more appropriate, as it scales with the business and will reduce funding costs.
Please see the full research update on the consent event in the document below.
Director - Credit Research, Industrials and Corporates. Will has over 15 years’ experience in credit and fixed income markets, including 6 in London, working at fund managers, banks and government treasury.