On January 17, 2025, Foundry JV Holdco LLC, indirectly owned by Brookfield Infrastructure Partners, announced the successful completion of its consent solicitation. The solicitation targeted holders of its outstanding Senior Secured Notes due between 2030 and 2038.
The company received consents from holders representing more than 50% of the aggregate principal amount of each series of Notes outstanding, excluding those held by the company or its affiliates. This achievement allows for the execution of supplemental indentures incorporating the proposed amendments.
The Proposed Amendments will become operative upon the satisfaction or waiver of specified conditions and the cash payment of a $1.00 per $1,000 in principal amount Consent Fee to eligible holders. These amendments are primarily aimed at improving certain rating agency assessments of the company.
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