02 January 2025
Blackstone Loan Financing Limited (the "Company")
Further Re Proposed Sale of Assets
Blackstone Loan Financing Limited announces that the Purchaser of the PPNs has exercised its right under the terms of the Sale and Purchase Agreement to postpone the completion date of the Proposed Transaction. Completion of the Proposed Transaction, which was expected to occur on 31 December 2024, is now expected to occur on 8 January 2025.
In all other respects the Expected Timetable of Events, including payment of the Third Redemption, remains unchanged as further set out below.
Expected Timetable of Events
| Anticipated completion date of Proposed Transaction
| 8 January 2025 |
| Latest time and date for receipt of Proxy Appointments for the Second EGM*
| 11.00 a.m. on 13 January 2025 |
| Record date for participation and voting at the Second EGM*
| 5.00 p.m. on 13 January 2025 |
| Suspension of the listing of the Shares on the Official List and of trading of the Shares on the Main Market*
| 7.00 a.m. on 15 January 2025 |
| Second EGM*
| 11.00 a.m. on 15 January 2025 |
| Announcement of result of the Second EGM*
| 15 January 2025 |
| Commencement of the Summary Winding-up (conditional on approval of the Second EGM Resolution)*
| 15 January 2025 |
| Record date for Third Redemption*
| 5.00 p.m. on 15 January 2025 |
| Cancellation of the listing of the Shares on the Official List and cancellation of admission to trading of the Shares on the Main Market*
| 8.00 a.m. on 16 January 2025 |
| Payment date of Third Redemption* ** | Expected to be by 4 February 2025 or as soon as possible thereafter |
* Events subject to postponement in the event of a delay in completion of the Proposed Transaction and/or in the receipt by the Company of any requisite regulatory consents.
** The Company will make a Redemption Announcement through an RIS in advance of the Third Redemption confirming exact details of the timing and amount of the redemption payment to be made to Shareholders.
Each of the times and dates in the expected timetable of events may be extended or brought forward without notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through an RIS provider. All references are to London time unless otherwise stated.
Unless otherwise stated, capitalised terms in this announcement have the meanings ascribed to them in the Circular.
For further information, please contact:
| BGLF Steven Wilderspin (Chair)
| Via Singer Capital Markets |
| Singer Capital Markets (Financial Adviser & Joint Corporate Broker to the Company) James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance) Alan Geeves / Sam Greatrex (Sales) | 020 7496 3000 |
| BNP Paribas (Company Secretary to the Company)
| 01534 709189 / 709108 |
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