ICAP Gets Bondholder Consent for Tullet Prebon Voice-broking Deal

[kreslik.news]

Following the March 1st solicitation of consent earlier this month to holders of nearly 475M worth of currency in guaranteed notes issued by ICAP PLC, and ICAP Group Holdings, an extraordinary meeting was held today with the note holders in connection with amending certain terms and conditions related to the disposal of ICAP’s global hybrid voice-broking and information business to Tullett Prebon plc.

The solicited consent by ICAP from the bondholders included for a sterling note consisting of £125M,  and a euro note for €350M respectively. The sterling note is held by many retail investors and has ... (read more)