JZ Capital Partners Ltd - Repayment of Senior Facility

JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 48761)

LEI 549300TZCK08Q16HHU44

Repayment of Senior Facility

18 December 2023

Further to the announcement made by the Company on 14 December 2023, JZ Capital Partners Limited is pleased to confirm that it has now repaid in full its senior facility with WhiteHorse Capital Management, LLC.  Such repayment of the senior facility in the amount of approximately US$45.0 million (plus accrued interest) represents the repayment in full of the Company's only outstanding debt obligation.

The Company reiterates that it remains focused on the implementation of its new investment policy to realise maximum value from the Company's investments and, after the repayment of all debt, to return capital to shareholders.  Accordingly, the senior facility having now been repaid in full will, subject to retaining sufficient funds to cover existing obligations and support certain existing investments to maximise their value, enable the Company to plan to commence making distributions to shareholders, as previously announced in the Company's interim report and financial statements released on 9 November 2023.

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Important Notice

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements relate to matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual investment performance, results of operations, financial condition, liquidity, policies and the development of its strategies may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the investment performance, result of operations, financial condition, liquidity and policies of the Company and development of its strategies are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as at the date of this announcement. Subject to their legal and regulatory obligations, each of the Company, Jordan/Zalaznick Advisers, Inc. and their respective affiliates expressly disclaims any obligations to update, review or revise any forward-looking statement contained herein whether to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based or as a result of new information, future developments or otherwise.