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Crown Capital Announces Additional Amendment to Provide Security for Debentures, Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote
Crown Capital Announces Additional Amendment to Provide Security for Debentures, Mailing of Meeti...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\n Crown Capital Announces Additional Amendment to Provide Security for Debentures, Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Any Debentureholder that votes for the Debentureholder Resolution will receive a cash consent fee of\n \n $10\n \n per\n \n $1,000\n \n principal amount of Debentures held by the Debentureholder.\n \n\n\n\n The deadline to submit vote is\n \n\n\n October 16, 2024\n \n , on or before\n \n 10:00 a.m. (Eastern Time)\n \n .\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 16, 2024\n \n\n /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN) today announced that it has mailed an information circular (the \"Circular\") and related meeting materials (collectively, the \"Meeting Materials\") in connection with the upcoming special meeting of the holders (the \"Debentureholders\") of its 10% unsecured subordinated debentures due\n \n December 31, 2024\n \n (the \"Debentures\") to be held at the offices of the Corporation, 33 Yonge Street, Suite 901,\n \n Toronto, ON\n \n , M5E 1G4, on\n \n October 18, 2024\n \n at 10:00 a.m. (Eastern Time) (the \"Meeting\").\n \n\n As previously announced by Crown, at the Meeting, Debentureholders will be asked to consider and vote upon a resolution (the \"Debentureholder Resolution\") that, if approved, would:\n \n\n\n authorize and approve certain amendments (the \"Initial Debenture Amendments\") to the terms of the Debentures to: (i) extend the maturity date of the Debentures from December 31, 2024 to December 31, 2026; (ii) amend the interest rate on the Debentures from 10% to 11% effective a minimum of five trading days following the approval of the Debentureholder Resolution and from 11% to 12% effective as of\n \n December 31, 2025\n \n ; and (iii) amend the interest payment dates from occurring semi-annually on\n \n June 30\n \n and\n \n December 31\n \n of each year t...