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8586 - Hitachi Capital News Story

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Hitachi Capital (UK) - Hitachi Capital America - RESULTS OF MEETINGS

Fri 11th December, 2020 11:35am
RNS Number : 3957I
Hitachi Capital (UK) PLC
11 December 2020
 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

FOR DISTRIBUTION ONLY OUTSIDE THE UNITED STATES TO PERSONS OTHER THAN "U.S. PERSONS" (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")). NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

11 December 2020

ANNOUNCEMENT OF RESULTS OF MEETINGS



Hitachi Capital (UK) PLC

(incorporated with limited liability in England and Wales)

and

Hitachi Capital America Corp.

(incorporated with limited liability in the State of Delaware)

On 12 November 2020, Hitachi Capital (UK) PLC ("HCUK") and Hitachi Capital America Corp. ("HCA" and, together with HCUK, the "Issuers" and each an "Issuer") announced an invitation to eligible holders of their outstanding notes referred to in the Schedule to this announcement (each a "Series", each Series issued by HCUK, the "HCUK Notes", each Series issued by HCA, the "HCA Notes" and together, the "Notes") to consider and, if thought fit, approve the Proposals by means of separate Extraordinary Resolutions of the Holders of the HCUK Notes and the Holders of the HCA Notes, all as further described in the consent solicitation memorandum dated 12 November 2020 (the "Consent Solicitation Memorandum") (the "Consent Solicitation"). Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.

Results of the Meetings

The separate Meetings of the Holders of the HCUK Notes and the Holders of the HCA Notes took place earlier today.

At each Meeting a quorum was reached and the relevant Extraordinary Resolution was passed. In each case (and at each Meeting) the Eligibility Condition was satisfied.

 

Meeting of Holders of the HCUK Notes

Meeting of Holders of the HCA Notes

Percentage of principal amount outstanding (in respect of the HCUK Notes based on a U.S. dollar equivalent amount) in respect of which Consent Instructions or Ineligible Holder Instructions were submitted

92.54%

98.69%

Percentage of votes on a poll in favour of the Extraordinary Resolution

100%

100%

 

Instruction Fees

The relevant Issuer will pay the Instruction Fee described below to (i) each Holder who is (a) located and resident outside the United States and not a U.S. person (as defined in Regulation S under the Securities Act) and (b) otherwise an Eligible Holder, and from whom a valid Consent Instruction in favour of the relevant Extraordinary Resolution was received by the Information and Tabulation Agent by the Early Instruction Deadline and (ii) each Ineligible Holder from whom a valid Ineligible Holder Instruction abstaining from voting in respect of the relevant Extraordinary Resolution was received by the Information and Tabulation Agent by the Early Instruction Deadline.

 

HCUK Instruction Fee

HCA Instruction Fee

Aggregate fee to be shared by Holders entitled to receive the Instruction Fee

GBP 1,152,163.07

USD 191,500.06

Instruction Fee payable per Holder entitled to receive the Instruction Fee

GBP 0.5656 per GBP 1,000 in principal amount of Notes

USD 0.5066 per USD 1,000 in principal amount of Notes

 

The exchange rates between (i) Sterling and (ii) each currency in which HCUK Notes are denominated determined by the Solicitation Agents on the Expiration Date are set out below:

Currency

Exchange Rate to GBP

AUD

 0.5549

CAD

 0.5852

CHF

 0.8425

CNY

 0.1146

EUR

 0.9069

HKD

 0.0966

JPY

 0.00719

USD

 0.7487

 

The Instruction Fee is expected to be paid on 18 December 2020 and will be paid (i) in the currency in which the relevant Notes are denominated (if applicable, on the basis of the relevant exchange rate as set out above) to eligible recipients of the Instruction Fee in respect of the HCUK Notes, and (ii) in U.S. dollars to eligible recipients of the Instruction Fee in respect of the HCA Notes.

This announcement is made by Hitachi Capital (UK) PLC (LEI: 549300P4PHVCL0EZU771) and Hitachi Capital America Corp. (LEI: SAG6K2J487EOB0C5BI47).

This announcement is released by the Issuers and contains information in relation to the Notes that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Notes. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this Notice is made by Jeremy Johnson, Group Treasurer, Hitachi Capital (UK) PLC.



 

Further Information

Further details about the transaction can be obtained from:

The Solicitation Agents

MUFG Securities EMEA plc

Ropemaker Place

25 Ropemaker Street

London EC2Y 9AJ

United Kingdom

 

Telephone:            +44 (0) 20 7577 4145

Email:                    Liability.Management@mufgsecurities.com
Attention:              Liability Management Group

 

NatWest Markets Plc
250 Bishopsgate
London EC2M 4AA
United Kingdom

Telephone:            +44 (0) 20 7678 5222
E-mail:                  
liabilitymanagement@natwestmarkets.com
Attention:              Liability Management

Information and Tabulation Agent

Morrow Sodali Ltd
E-mail: HitachiCapital@investor.morrowsodali.com
Consent Website: https://bonds.morrowsodali.com/HitachiCapital

London
Nations House, 9th floor
103 Wigmore Street
London W1U 1QS
United Kingdom

Telephone: +44 (0) 20 8089 3287
Attention: Debt Services

Hong Kong
Unit 106, Level 11
Two ChinaChem Central
26 Des Voeux Road Central

Telephone: +852 2158 8405
Attention: Debt Services



 

The Issuers

Hitachi Capital (UK) PLC

Hitachi Capital House

Thorpe Road

Staines-upon-Thames

Surrey TW18 3HP

United Kingdom

 

Fax:                        +44 20 8577 7775

Email:                    treasury@hitachicapital.co.uk and

jeremy.johnson@hitachicapital.co.uk

Attention:              Company Secretary (with a copy to the Group Treasurer)

 

 

Hitachi Capital America Corp.

800 Connecticut Avenue

Norwalk

Connecticut 06854

United States of America

 

Fax:                        +1 203 956 3266

Email:                    ttakubo@hitachicapitalamerica.com and

msousa@hitachicapitalamerica.com

Attention:              VP Treasurer (with a copy to: Treasury Specialist)

 

 

 

 

 

 

SCHEDULE
List of Notes

HCA Notes

Series No.

Description

ISIN

Nominal Amount Outstanding

522

USD 10,000,000 Fixed Rate Notes due 30 March 2021

XS1584040874

USD 10,000,000

591

USD 30,000,000 3.637 per cent. Fixed Rate Notes due 22 June 2021

XS1843234433

USD 30,000,000

597

 USD 5,000,000 Fixed Rate Notes due 3 August 2021

XS1861555644

USD 5,000,000

599

 USD 15,000,000 Fixed Rate Notes due 27 August 2021

XS1870312904

USD 15,000,000

600

 USD 15,000,000 3.475 per cent. Fixed Rate Notes due 27 August 2021

XS1871136872

USD 15,000,000

601

 USD 5,000,000 3.448 per cent. Fixed Rate Notes due 31 August 2021

XS1872356693

USD 5,000,000

598

 USD 5,000,000 Fixed Rate Notes due 7 September 2021

XS1869456381

USD 5,000,000

611

 USD 20,000,000 3.824 per cent. Fixed Rate Notes due 17 October 2021

XS1894626115

USD 20,000,000

509

USD 50,000,000 Floating Rate Notes due 25 October 2021

XS1506036257

USD 50,000,000

510

USD 5,000,000 Fixed Rate Notes due 25 October 2021

XS1508405112

USD 5,000,000

511

USD 5,000,000 Fixed Rate Notes due 26 October 2021

XS1506667325

USD 5,000,000

513

USD 10,000,000 Fixed Rate Notes due 8 November 2021

XS1509102932

USD 10,000,000

634

 USD 30,000,000 Fixed Rate Notes due 15 March 2022

XS1963372021

USD 30,000,000

588

 USD 10,000,000 3.533 per cent. Fixed Rate Notes due 13 June 2022

XS1837145389

USD 10,000,000

592

 USD 10,000,000 3.545 per cent. Fixed Rate Notes due 27 June 2022

XS1846654090

USD 10,000,000

602

 USD 5,000,000 Fixed Rate Notes due 6 September 2022

XS1875373638

USD 5,000,000

603

 USD 5,000,000 Fixed Rate Notes due 7 September 2022

XS1876064038

USD 5,000,000

557

 USD 4,000,000 Fixed Rate Notes due 9 November 2022

XS1714357149

USD 4,000,000

563

 USD 8,000,000 3.118 per cent. Fixed Rate Notes due 2 February 2023

XS1761963278

USD 8,000,000

564

 USD 5,000,000 Fixed Rate Notes due 6 February 2023

XS1765850489

USD 5,000,000

565

 USD 10,000,000 Fixed Rate Notes due 6 February 2023

XS1766467721

USD 10,000,000

566

 USD 7,000,000 3.17 per cent. Fixed Rate Notes due 9 February 2023

XS1768960863

USD 7,000,000

578

 USD 5,000,000 3.52 per cent. Fixed Rate Notes due 9 May 2023

XS1819599082

USD 5,000,000

581

 USD 20,000,000 Fixed Rate Notes due 30 May 2023

XS1827615243

USD 20,000,000

593

 USD 4,000,000 Fixed Rate Notes due 18 July 2023

XS1856993313

USD 4,000,000

595

 USD 10,000,000 3.571 per cent. Fixed Rate Notes due 31 July 2023

XS1860322335

USD 10,000,000

620

USD 5,000,000 Fixed Rate Notes due 20 November 2023

XS1912538508

USD 5,000,000

560

 USD 5,000,000 Fixed Rate Notes due 27 November 2023

XS1721762323

USD 5,000,000

673

 USD 50,000,000 1.904 per cent. Fixed Rate Notes due 12 June 2025

XS2186298811

USD 50,000,000

648

 USD 15,000,000 2.535% Notes due 4 December 2025

XS2088657650

USD 15,000,000

 

HCUK Notes

Series No.

Description

ISIN

Nominal Amount Outstanding

576

 EUR 50,000,000 0.02% Notes due 19 March 2021

XS1815317034

EUR 50,000,000

454

 GBP 30,000,000 Floating Rate Notes due 1 April 2021

XS1048475286

GBP 30,000,000

638

EUR 30,000,000 Floating Rate Notes due April 2021

XS1975630366

EUR 30,000,000

639

EUR 20,000,000 Floating Rate Notes due 8 April 2021

XS1975974707

EUR 20,000,000

637

EUR 10,000,000 Floating Rate Notes due 10 April 2021

XS1971584419

EUR 10,000,000

573

CNY 80,000,000 Fixed Rate Notes due 16 April 2021

XS1792207927

CNY 80,000,000

496

USD 24,000,000 Floating Rate Note due 26 April 2021

XS1400223902

USD 24,000,000

497

 USD 5,000,000 Fixed Rate Note due 26 April 2021

XS1400720873

USD 5,000,000

498

 AUD 30,000,000 Fixed Rate Notes due 10 May 2021

XS1402209149

AUD 30,000,000

499

 USD 5,000,000 Fixed Rate Notes due 11 May 2021

XS1403600825

USD 5,000,000

670

 JPY 1,000,000,000 0.13 per cent. Notes due 21 May 2021

XS2170383322

JPY 1,000,000,000

580

 GBP 120,000,000 Floating Rate Notes due 25 May 2021

XS1826189000

GBP 120,000,000

583

 GBP 10,000,000 Floating Rate Notes due 11 June 2021

XS1834001346

GBP 10,000,000

643

 EUR 200,000,000 Floating Rate Notes due 11 June 2021

XS2064448603

EUR 200,000,000

590

 JPY 1,000,000,000 Fixed Rate Notes due 21 June 2021

XS1839002349

JPY 1,000,000,000

538

 JPY 15,000,000,000 Fixed Rate Notes due 21 July 2021

XS1649817548

JPY 15,000,000,000

505

 USD 26,000,000 Fixed Rate Notes due 26 August 2021

XS1480668257

USD 26,000,000

544

 USD 7,000,000 Fixed Rate Notes due 13 September 2021

XS1681744386

USD 7,000,000

546

 USD 20,000,000 Fixed Rate Notes due 14 September 2021

XS1681658115

USD 20,000,000

604

 JPY 500,000,000 Fixed Rate Notes due 21 September 2021

XS1881005893

JPY 500,000,000

605

 JPY 500,000,000 Fixed Rate Notes due 21 September 2021

XS1881009374

JPY 500,000,000

607

 EUR 20,000,000 Fixed Rate Notes due 21 September 2021

XS1881854522

EUR 20,000,000

440

 USD 5,000,000 Fixed Rate Notes due 24 September 2021

XS1112563140

USD 5,000,000

606

 CNY 600,000,000 Fixed Rate Notes due 27 September 2021

XS1881014887

CNY 600,000,000

608

 CAD 6,000,000 2.88% Notes due 27 September 2021

XS1881896010

CAD 6,000,000

609

 JPY 500,000,000 Fixed Rate Notes due 5 October 2021

XS1886477584

JPY 500,000,000

465

 GBP 30,000,000 Floating Rate Notes due 12 October 2021

XS1117528932

GBP 30,000,000

612

 GBP 100,000,000 Floating Rate Notes due 26 October 2021

XS1894612248

GBP 100,000,000

644

 CHF 5,000,000 Floating Rate Notes due 12 November 2021

XS2078922544

CHF 5,000,000

614

 JPY 4,600,000,000 Fixed Rate Notes due 15 November 2021

XS1909073253

JPY 4,600,000,000

615

 JPY 1,000,000,000 Fixed Rate Notes due 19 November 2021

XS1909193580

JPY 1,000,000,000

616

 JPY 1,000,000,000 Fixed Rate Notes due 19 November 2021

XS1910115382

JPY 1,000,000,000

617

 JPY 500,000,000 0.17% Notes due 22 November 2021

XS1910249827

JPY 500,000,000

618

 JPY 1,500,000,000 0.17% Notes due 22 November 2021

XS1910930467

JPY 1,500,000,000

619

 JPY 500,000,0000.180 per cent. Fixed Rate Notes due 29th November 2021

XS1911674221

JPY 500,000,000

623

 JPY 1,300,000,000 Fixed Rate Notes due 30 November 2021

XS1920367809

JPY 1,300,000,000

655

 EUR 25,000,000 Floating Rate Notes due 19 January 2022

XS2133612874

EUR 25,000,000

629

 JPY 500,000,0000.200 per cent. Fixed Rate Notes due 30 January 2022

XS1937042981

JPY 500,000,000

567

 CNY 50,000,000 Fixed Rate Notes due 22 February 2022

XS1785150712

CNY 50,000,000

636

GBP 4,100,000 1.53% Notes due 22 February 2022

XS1964677261

GBP 4,100,000

635

CAD 4,200,000 2.35% Notes due 22 February 2022

XS1964680133

CAD 4,200,000

654

GBP 100,000,000 1.228 per cent. Notes due 25 February 2022

XS2123086840

GBP 100,000,000

640

GBP 5,000,000 Floating Rate Notes due 12 April 2022

XS1981791244

GBP 5,000,000

524

HKD 150,000,000 Fixed Rate Notes due 19 April 2022

XS1598716493

HKD 150,000,000

473

GBP 30,000,000 Floating Rate Notes due 25 April 2022

XS1206525831

GBP 30,000,000

610

CNY 200,000,000 Fixed Rate Notes due 29 April 2022

XS1892845600

CNY 200,000,000

539

USD 10,000,000 Floating Rate Note due 28 July 2022

XS1653107646

USD 10,000,000

542

USD 25,000,000 Floating Rate Notes due 1 September 2022

XS1666258824

USD 25,000,000

541

HKD 200,000,000 Fixed Rate Notes due 16 September 2022

XS1665379167

HKD 200,000,000

458

USD 10,000,000 Fixed Rate Notes due 22 September 2022

XS1687477643

USD 10,000,000

552

EUR 5,000,000 Fixed Rate Notes due 11 October 2022

XS1697023494

EUR 5,000,000

621

USD 20,000,000 Floating Rate Notes due 23 November 2022

XS1912835201

USD 20,000,000

646

EUR 350,000,000 0.125% Senior Notes due 29 November 2022

XS2083299284

EUR 350,000,000

656

HKD 160,000,000 Fixed Rate Notes due 20 February 2023

XS2137299777

HKD 160,000,000

571

 AUD 18,000,000 Fixed Rate Notes due 13 April 2023

XS1790985474

AUD 18,000,000

657

JPY 5,200,000,000 Fixed Rate Notes due 24 April 2023

XS2158696794

JPY 5,200,000,000

658

JPY 6,300,000,000 Fixed Rate Notes due 24 April 2023

XS2158696877

JPY 6,300,000,000

577

EUR 15,000,000 Fixed Rate Notes due 8 May 2023

XS1814990104

EUR 15,000,000

641

CNY 100,000,000 Fixed Rate Notes due 8 May 2023

XS1989215998

CNY 100,000,000

663

JPY 13,200,000,000 Fixed Rate Notes due 8 May 2023

XS2167192983

JPY 13,200,000,000

660

USD 10,000,000 Fixed Rate Notes due 11 May 2023

XS2163336089

USD 10,000,000

664

JPY 4,500,000,000 0.700 per cent. Fixed Rate Notes due 11 May 2023

XS2167940282

JPY 4,500,000,000

665

 GBP 5,000,000 Floating Rate Notes due 11 May 2023

XS2168040157

GBP 5,000,000

666

JPY 1,300,000,000 0.75 per cent. Notes due 19 May 2023

XS2168085764

JPY 1,300,000,000

667

JPY 4,800,000,000 0.70 per cent. Notes due 19 May 2023

XS2170186410

JPY 4,800,000,000

668

JPY 2,000,000,000 Fixed Rate Notes due 19 June 2023

XS2170385020

JPY 2,000,000,000

669

JPY 1,000,000,000 Fixed Rate Notes due 19 June 2023

XS2170385376

JPY 1,000,000,000

672

JPY 15,000,000,000 Fixed Rate Notes due 19 June 2023

XS2176896780

JPY 15,000,000,000

671

 JPY 6,800,000,000 0.70 per cent. Notes due 21 June 2023

XS2170383835

JPY 6,800,000,000

613

EUR 5,000,000 Fixed Rate Notes due 19 October 2023

XS1894843561

EUR 5,000,000

659

JPY 1,500,000,000 Fixed Rate Notes due 30 April 2025

XS2162003573

JPY 1,500,000,000

661

USD 20,000,000 Floating Rate Notes due April 2025

XS2166048657

USD 20,000,000

662

JPY 2,000,000,000 0.51% Fixed Rate Notes due 12 May 2025

XS2166095492

JPY 2,000,000,000

504

AUD 50,000,000 Fixed Rate Notes due 21 July 2026

XS1460776252

AUD 50,000,000

553

EUR 10,000,000 Fixed Rate Notes due 12 October 2027

XS1702849099

EUR 10,000,000

627

USD 130,000,000 Fixed Rate Notes due 24 January 2029

XS1936844320

USD 130,000,000

630

 EUR 10,000,000 Fixed Rate Notes due 7 February 2029

XS1951430054

EUR 10,000,000

631

 EUR 20,000,000 Fixed Rate Notes due February 2029

XS1952149059

EUR 20,000,000

632

EUR 10,000,000 Fixed Rate Notes due 26 February 2029

XS1953838049

EUR 10,000,000

645

AUD 25,000,000 Fixed Rate Notes due October 2029

XS2077741622

AUD 25,000,000

649

AUD 20,000,000 Fixed Rate Notes due 28 November 2029

XS2094570160

AUD 20,000,000

 

 

 



 

The Solicitation Agents and the Information and Tabulation Agent do not take responsibility for the contents of this announcement and none of the Issuers, the Guarantor, the New Guarantor, the Solicitation Agents, the Information and Tabulation Agent, or any of their respective directors, employees or affiliates make any representation or recommendation whatsoever regarding the Consent Solicitation.

Distribution Restrictions

No action has been or will be taken in any jurisdiction by the Issuers, the Guarantor, the New Guarantor, the Solicitation Agents or the Information and Tabulation Agent in relation to the Consent Solicitation that would permit a public offering of securities.

Neither this announcement nor the Consent Solicitation Memorandum is an offer of securities for sale in the United States or to any U.S. person. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Notes, the HC Guarantee and the New Guarantee have not been, and will not be, registered under the Securities Act, or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, unless an exemption from the registration requirements of the Securities Act is available.

For the purposes of this announcement and the Consent Solicitation Memorandum, "United States" means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia.

 

 

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