JZ Capital Partners Ltd Repayment of Senior Facility
18 Décembre 2023 - 8:01AM
UK Regulatory
TIDMJZCP
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-ended investment company incorporated with limited liability under the
laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44
Repayment of Senior Facility
18 December 2023
Further to the announcement made by the Company on 14 December 2023, JZ Capital
Partners Limited is pleased to confirm that it has now repaid in full its senior
facility with WhiteHorse Capital Management, LLC. Such repayment of the senior
facility in the amount of approximately US$45.0 million (plus accrued interest)
represents the repayment in full of the Company's only outstanding debt
obligation.
The Company reiterates that it remains focused on the implementation of its new
investment policy to realise maximum value from the Company's investments and,
after the repayment of all debt, to return capital to shareholders.
Accordingly, the senior facility having now been repaid in full will, subject
to retaining sufficient funds to cover existing obligations and support certain
existing investments to maximise their value, enable the Company to plan to
commence making distributions to shareholders, as previously announced in the
Company's interim report and financial statements released on 9 November 2023.
_________________________________________________________________________________
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For further information:
Kit Dunford / Ed Berry +44 (0)7717 417 038
FTI Consulting / +44 (0)7703 330
199
David Zalaznick +1 (212) 485 9410
Jordan/Zalaznick Advisers, Inc.
Hannah Hayward +44 (0) 1481 745417
Northern Trust International Fund
Administration Services (Guernsey)
Limited
Important Notice
This announcement includes statements that are, or may be deemed to be, "forward
-looking statements". These forward-looking statements can be identified by the
use of forward-looking terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "may", "will" or "should" or, in each case,
their negative or other variations or comparable terminology. These forward
-looking statements relate to matters that are not historical facts. By their
nature, forward-looking statements involve risks and uncertainties because they
relate to events and depend on circumstances that may or may not occur in the
future. Forward-looking statements are not guarantees of future performance. The
Company's actual investment performance, results of operations, financial
condition, liquidity, policies and the development of its strategies may differ
materially from the impression created by the forward-looking statements
contained in this announcement. In addition, even if the investment performance,
result of operations, financial condition, liquidity and policies of the Company
and development of its strategies are consistent with the forward-looking
statements contained in this announcement, those results or developments may not
be indicative of results or developments in subsequent periods. These forward
-looking statements speak only as at the date of this announcement. Subject to
their legal and regulatory obligations, each of the Company, Jordan/Zalaznick
Advisers, Inc. and their respective affiliates expressly disclaims any
obligations to update, review or revise any forward-looking statement contained
herein whether to reflect any change in expectations with regard thereto or any
change in events, conditions or circumstances on which any statement is based or
as a result of new information, future developments or otherwise.
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
December 18, 2023 02:01 ET (07:01 GMT)
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