REG - Blackstone Loan Fin - Further Re Proposed Sale of Assets

Blackstone Loan FinancingAnnouncement

02/01/2025 09:45

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RNS Number : 9037R  Blackstone Loan Financing Limited  02 January 2025

02 January 2025

 

Blackstone Loan Financing Limited (the "Company")

 

Further Re Proposed Sale of Assets

 

Blackstone Loan Financing Limited announces that the Purchaser of the PPNs has
exercised its right under the terms of the Sale and Purchase Agreement to
postpone the completion date of the Proposed Transaction.   Completion of
the Proposed Transaction, which was expected to occur on 31 December 2024, is
now expected to occur on 8 January 2025.

 

In all other respects the Expected Timetable of Events, including payment of
the Third Redemption, remains unchanged as further set out below.

 

Expected Timetable of Events

 

 Anticipated completion date of Proposed Transaction                             8 January 2025

 Latest time and date for receipt of Proxy Appointments for the Second EGM*      11.00 a.m. on 13 January 2025

 Record date for participation and voting at the Second EGM*                     5.00 p.m. on 13 January 2025

 Suspension of the listing of the Shares on the Official List and of trading of  7.00 a.m. on 15 January 2025
 the Shares on the Main Market*

 Second EGM*                                                                     11.00 a.m. on 15 January 2025

 Announcement of result of the Second EGM*                                       15 January 2025

 Commencement of the Summary Winding-up (conditional on approval of the Second   15 January 2025
 EGM Resolution)*

 Record date for Third Redemption*                                               5.00 p.m. on 15 January 2025

 Cancellation of the listing of the Shares on the Official List and              8.00 a.m. on 16 January 2025
 cancellation of admission to trading of the Shares on the Main Market*

 Payment date of Third Redemption* **                                            Expected to be by 4 February 2025 or as soon as possible thereafter

 

* Events subject to postponement in the event of a delay in completion of the
Proposed Transaction and/or in the receipt by the Company of any requisite
regulatory consents.

** The Company will make a Redemption Announcement through an RIS in advance
of the Third Redemption confirming exact details of the timing and amount of
the redemption payment to be made to Shareholders.

 

Each of the times and dates in the expected timetable of events may be
extended or brought forward without notice. If any of the above times and/or
dates change, the revised time(s) and/or date(s) will be notified to
Shareholders by an announcement through an RIS provider. All references are to
London time unless otherwise stated.

 

Unless otherwise stated, capitalised terms in this announcement have the
meanings ascribed to them in the Circular.

 

For further information, please contact:

 

 BGLF                                                                           Via Singer Capital Markets

 Steven Wilderspin (Chair)

 Singer Capital Markets (Financial Adviser & Joint Corporate Broker to the      020 7496 3000
 Company)

 James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance)

 Alan Geeves / Sam Greatrex (Sales)

 

 BNP Paribas (Company Secretary to the Company)  01534 709189 / 709108

 

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