Examples of Blackstone Credit in a sentence
Each of Blackstone Credit, Solus, Barings and CapRe have irrevocably undertaken to elect for the Cash Offer in respect of their respective entire holdings of ADVANZ PHARMA Shares, pursuant to the terms of their irrevocable undertakings.
The Panel has consented to Blackstone Credit, Solus and Bybrook entering into the No Leakage Covenant.
Each of Bidco, Blackstone Credit and Solus have entered into the Class A and Class B SPAs, on or around the date of this Announcement pursuant to which, each of Blackstone Credit and Solus have agreed, subject to the Scheme becoming Effective, to transfer their Class A Shares and Class B Shares, respectively, to Bidco on the Effective Date, in each case for an aggregate nominal consideration of £1.00.
Xxxxxxx Xxxxx has not participated in the consideration of the Acquisition by the ADVANZ PHARMA Independent Directors or the decision of the ADVANZ PHARMA Independent Directors to recommend the Acquisition to ADVANZ PHARMA Shareholders, on account of his position as the Blackstone Credit nominee on the ADVANZ PHARMA Board.
Bidco has received irrevocable undertakings from Blackstone Credit, Bybrook, Solus, Barings and CapRe to vote (or to procure the voting) in favour of the Scheme at the Court Meeting and the Resolutions at the General Meeting (or, in the event that the Acquisition is to be effected by way of a Takeover Offer, to accept, or procure the acceptance of, such Takeover Offer) in respect of 42,994,812 ADVANZ PHARMA Shares (representing, in aggregate approximately 87.90 per cent.
Each of Blackstone Credit and Solus have also irrevocably undertaken to transfer their Class A Shares and Class B Shares (as applicable), to Bidco in each case for an aggregate nominal consideration of £1.00 subject to, and on or immediately prior to, the Scheme becoming Effective.
These shares were issued in connection with Blackstone Credit and Solus’ investment in ADVANZ PHARMA in 2018.
The Class A Shares are held by Blackstone Credit and the Class B Shares are held by Solus.
Blackstone Credit, Bybrook and Solus have entered into the No Leakage Covenant, pursuant to which each of Blackstone Credit, Bybrook and Solus severally indemnify Bidco in respect of any amount of value that has been extracted from the ADVANZ PHARMA Group since 30 September 2020 that they or their affiliates receive, subject to certain exemptions in respect of permitted transactions.
If to the Fund: Blackstone Secured Lending Fund 000 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Chairman, President, Chief Executive Officer and Trustee If to the Adviser: Blackstone Credit BDC Advisors LLC 000 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxxxx Xxxxxx, General Counsel or to such other address as to which the recipient shall have informed the other party in writing.