Loan & DebtMay 19, 2026, 04:22 PM
Marex Completes Consent Solicitation for 6.404% Senior Notes due 2029
AI Summary
Marex Group plc successfully completed its consent solicitation for its 6.404% Senior Notes due 2029, securing the necessary consents from registered holders. The approved amendments to the Senior Indenture will permit a new Bermuda-incorporated holding company to assume the Company's obligations under the Notes, aligning them with the proposed redomiciliation of Marex's parent holding company to Bermuda. Following the receipt of consents, the Fourth Supplemental Indenture was executed on May 19, 2026, making the amendments immediately effective and operative.
Key Highlights
- Marex Group plc completed its consent solicitation for 6.404% Senior Notes due 2029.
- Requisite consents were obtained from noteholders to approve proposed amendments to the Senior Indenture.
- The Consent Solicitation expired on May 15, 2026, at 5:00 p.m. New York City time.
- Amendments allow a Bermuda-incorporated holding company to assume obligations under the Notes.
- This aligns the Notes with Marex's previously announced proposed redomiciliation to Bermuda.
- Consenting holders will receive a cash payment of $1.00 per $1,000 principal amount of Notes.
- A Fourth Supplemental Indenture was executed on May 19, 2026, making the amendments effective.
Price Impact
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