Business
Metro Bank is pleased to announce receipt of ...
Metro Bank is pleased to announce receipt of ....
About this update from Metro Bank Holdings Plc
[{"type":"text","content":"\n \n \n \n\n\n\n\n\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMetro Bank Holdings PLC (MTRO)\n\n\n\n\n\n\nMetro Bank is pleased to announce receipt of over 75% support commitments from Tier 2 and MREL noteholders for Debt Refinancing 11-Oct-2023 / 12:24 GMT/BST\n\n\nNOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, OR INTO ANY JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n\n \n\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN METRO BANK HOLDINGS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. \n\n \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.\n\n \n\n \n\nMetro Bank Holdings PLC (LSE: MTRO LN)\n\n11 October 2023\n\n \n\n \n\nMetro Bank Holdings PLC (“Metro Bank”) \n\n \n\nLegal Entity Identifier: 984500CDDEAD6C2EDQ64\n\n \n\nMetro Bank is pleased to announce receipt of over 75% support commitments from Tier 2 and MREL noteholders for its Debt Refinancing\n\n \n\nFurther to the announcement on 8 October 2023 by Metro Bank of the Capital Package (Metro Bank Announces Successful Capital Package: £325m Capital Raise and £600m Debt Refinancing) (“8 October 2023 Announcement”), Metro Bank today is pleased to announce that:\n\n \n\nholders of over 75% by value of the £250m fixed rate reset callable subordinated notes due June 2028 issued by Metro Bank plc (the “Tier 2 Instrument”); and\n holders of over 75% by value of the £350m fixed rate senior notes due October 2025 issued by Metro Bank (the “MREL Senior Instrument”),\n \n\nhave entered into the lock-up agreement to support the Transaction set out in the 8 October 2023 Announcement. Consequently, the required number of holders of both the Tier 2 Instrument and the MREL Senior Instrument are committed to support written resolutions to approve the Debt Refinancing. Support for the Debt Refinancing is one of the key pillars to the implementation of the Transaction set out in the 8 Oct...