PPC SA Announces that, on June 29, 2022, it agreed with JP Morgan and certain other parties to the transaction to modify the terms of the securitization transaction for up to 60 days, in relation to, inter alia, (i) increasing the amount of the high down payment commitment from € 200 million to € 300 million (ii) the reduction of interest rates payable on the capital raised and (iii) the extension of the closing date of the transaction until June 2025.
This securitization transaction was initially carried out by PPC SA. on November 18, 2020 with some entities and legal entities of JP Morgan acting as administrative agent and investors, Finacity Corporation acting as reporting agent and PPC Energy Finance DAC acting as issuer.
The funds will be withdrawn in accordance with the terms of the securitization transaction.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
