Loan & DebtMay 18, 2026, 08:32 AM
Marex Receives Consent for Senior Notes Amendments for Redomiciliation
AI Summary
Marex Group plc announced it has received the necessary consents from holders of its 6.404% Senior Notes due 2029 to approve proposed amendments to the Indenture. These amendments are intended to align the terms of the Notes with other existing SEC-registered notes and facilitate the company's proposed redomiciliation to Bermuda. Consenting holders will receive a cash payment of $1.00 per $1,000 principal amount, expected to be paid on May 19, 2026.
Key Highlights
- Marex received requisite consents for amendments to its 6.404% Senior Notes due 2029.
- Holders who consented will receive a cash payment of $1.00 per $1,000 principal amount.
- The Consent Payment is expected to be paid on May 19, 2026.
- Proposed amendments align terms with 5.680% Senior Notes due 2031 and 5.829% Senior Notes due 2028.
- Amendments permit a new Bermuda parent holding company to assume the Notes' obligations.
- Consent was received from a majority of the outstanding aggregate principal of the Notes.
Price Impact
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