ABGSC acted as advisor to International Personal Finance in connection with an exchange offer and consent solicitation process

ABG Sundal Colier acted as Co-Dealer Manager to International Personal Finance plc in relation to the exchange offer for their EUR 412 million Senior Unsecured Fixed Rate Notes due 2021 and as Consent Solicitation Agent in relation to the consent process for their SEK 450 million Senior Unsecured Floating Rate Notes due 2022.
All the outstanding existing EUR notes will be exchanged for approximately EUR 341.2 million of new EUR denominated notes due 2025 and EUR 59.5 million in cash. The covenants in the existing SEK notes have been amended and aligned with the covenants in the new EUR notes.
Following this successful liability management exercise, IPF has strong liquidity, no material near-term debt maturities and an appropriate and uniform covenant package across its existing notes and new notes