Travelex completes course of of shopping for again new cash notes

Travelex immediately introduced the completion of the method to purchase again new cash notes and stapled extraordinary shares.

Travelex on 27 September 2023 introduced the initiation of the method to purchase again the Sterling new cash notes issued by Travelex and the extraordinary shares of Travelex Worldwide Restricted (TIL) that are stapled to such Sterling Notes.

The Buybacks concerned roughly £12 million of the £90 million which Travelex raised pursuant to the refinancing of its earlier senior amenities settlement being utilised to have: (1) Travelex repurchase the Sterling Notes from every holder of Sterling Notes collaborating within the Buybacks professional rata to every collaborating holder’s holding of Sterling Notes; and (2) TIL repurchase the Stapled Shares at par worth.