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

NatwestAnnouncement

11/12/2020 12:35

RNS Number : 3942I
  
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.
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
ROMKKDBNDBDDDBD