JZ Capital Partners : JZCP – issue of convertible loan stock

JZ Capital announces tender offer

JZ Capital Partners has announced that it has issued £38,861,140 nominal of convertible loan stock. The CULS carry a coupon of 6%, paid semi-annually in March and September. They will be repaid at par on 30 July 2021 (if not converted into equity earlier). They can be converted into equity in the company at any time from 40 days after the issue up to 20 July 2021 at a price of £6.0373 (a 2.5% premium to the net asset value of the company in sterling as at 30 June 2014).

The company has the ability to issue up to a further £38,861,140 nominal of CULS at any time in the next twelve months.

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