Business Wire

Dissolution of Triton Aviation Finance (“TAF”) and Establishment of Liquidating Trust

Jaa

On December 19, 2017 (the “Effective Date”), TAF was dissolved pursuant to an order of the Court of Chancery of the State of Delaware (the “Chancery Court”), dated November 17, 2017 (the “Order”). The cash assets of TAF, less a reserve of $1,500,000 (the “Liquidating Trust Deposit”), were conveyed to Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”), for distribution, pursuant to the terms of the Plan of Resolution (the “Plan”), to the holders of TAF’s Class A-1 Notes under the Trust Indenture, dated June 22, 2000, as supplemented on November 30, 2001, September 27, 2012 and September 30, 2013, by and among TAF, as issuer, TAL2 LLC, as cash manager, and the Indenture Trustee (the “Indenture”).

The Liquidating Trust Deposit was transferred to the Triton Aviation Finance Liquidating Trust (the “Liquidating Trust”). The Liquidating Trust was established pursuant to the Order and the Triton Aviation Finance Liquidating Trust Agreement, dated December 19, 2017 (the “Liquidating Trust Agreement”). The Indenture Trustee is the beneficiary, on behalf of the holders of TAF’s Class A-1 Notes, of the Liquidating Trust and Raquel Brinkman will act as liquidating trustee. The Liquidating Trust will have the authority to resolve all claims against TAF and its remaining subsidiaries that were timely filed by the October 5, 2017 deadline set by the Chancery Court, pay administrative expenses and take additional steps necessary to carry out the terms of the Plan.

The Liquidating Trust is expected to terminate, subject to the terms of the Liquidating Trust Agreement, on or before December 18, 2018. Upon termination of the Liquidating Trust, any remaining cash assets of the Liquidating Trust will be conveyed to the Indenture Trustee for application under the Plan and the Indenture.

Immediately following the Effective Date, TAF’s Class B and Class C Notes, issued pursuant to the Indenture, will be delisted from the Luxembourg Stock Exchange.

Copies of the Plan, the Order, the Liquidating Trust Agreement, TAF’s notice of Effective Date or other documents may be obtained upon request from, and any questions may be directed to, TAF at (415) 795-2085 or rbrinkman@t-aviation.com.

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements are based on TAF’s current expectations of future events and involve substantial risks and uncertainties, many of which are outside of TAF’s control, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. You should not place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, TAF does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact information

Triton Aviation Finance
Raquel Brinkman, 415-795-2085
rbrinkman@t-aviation.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

myPOS Founder Christo Georgiev Announces Two Upcoming myPOS Stores in Barcelona and Paris23.10.2018 19:22Tiedote

Christo Georgiev, fintech entrepreneur and founder of myPOS, has confirmed his intention to open two new flagship stores in major European cities by the end of the year. The opening is part of an initiative to bring the product closer to potential customers, giving them a hands-on experience and a live demonstration of what myPOS has to offer. The two new stores will be opened in Barcelona, Spain and Paris, France – two of the most important markets for myPOS. “Our Spanish and French customers have always placed a tremendous amount of trust in us, and we in turn have worked hard to justify it,” Georgiev says. “Opening physical locations in Barcelona and Paris is an extension of that relationship. It’s important to test a product with your own hands before you choose to trust it, and if that’s true for TVs and phones why can’t it apply to POS terminals?” The Barcelona store will open as soon as November, followed shortly by the Paris one before the end of the year. myPOS has already ope

Christo Georgiev Announces the Arrival of myPOS AppMarket23.10.2018 19:11Tiedote

myPOS Europe Ltd., a leading card payments provider to small and medium-sized businesses in Europe, is introducing its own AppMarket – an innovative software platform for business applications that allows myPOS clients to find, download and use various apps for improved business performance. The development of myPOS AppMarket was driven by the necessity to meet the ever-changing business needs dictated by customer demand and behaviour. While the payment terminals myPOS offers come with a large number of innovative payments features, there are other business needs which remain uncaptured at the moment. myPOS founder Mr. Christo Georgiev says: “Individual businesses need a tailored approach when it comes to accepting payments for their services. Offering a fully customizable and complete omni-channel payments solution, which empowers businesses to stay agile, has always been in our foresight. Tapping into the familiarity of our everyday favourite device – the smartphone, pushed us even f

CNIM Presents a Rapid Version of The LCAT® Shore-to-Shore Featuring Unique Operational Capabilities23.10.2018 18:45Tiedote

The L-CAT® Shore-to-shore presented by CNIM at Euronaval 2018 delivers a major increase in performance for amphibious missions. The L-CAT® Shore-to-shore has been upgrated since its launch 2 years ago. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181023005869/en/ CNIM's amphibious craft, the L-CAT® Shore-to-shore (Photo: CNIM) The L-CAT® Shore-to-shore is now the only vessel with the ability to transport 80 tonnes at 25 knots in conditions up to sea state 5, land in shallow water (~1m) and accommodate 42 passengers for long distance trips. Highly maneuvrable, the L-CAT® Shore-to-shore provides exceptional operational flexibility for amphibious assaults and humanitarian operations, without compromising between speed and payload. Its wide loading platform (145 m²), ability to travel up to 800 nautical miles when loaded, self-defence and communication capabilities are tactical advantages for the projection of Forces. Its spee

Exterior Plus, a Portfolio Company of H.I.G. Capital, Acquires Impactmedia23.10.2018 16:03Tiedote

Exterior Plus, the out-of-home advertising platform of H.I.G. Capital, announces the acquisition of Impactmedia (the “Company”), a leading shopping mall advertising company, with over 630 million viewers in high-traffic premium locations throughout Spain. This is a major step forward in Exterior Plus’s consolidation strategy, as it aims to become the Spanish leader in out-of-home advertising with a unique, diversified and highly-competitive product portfolio, reaching very diverse audiences at a national level. Impactmedia is an experienced leader in shopping mall advertising, offering digital advertising as well as special marketing actions. The Company operates in over 90 shopping centers where it has more than 1,200 digital displays. The acquisition allows Exterior Plus to gain a strong presence near points of sale, a key value driver for advertisers. H.I.G. Capital acquired and established the Exterior Plus group in December 2015. The group currently markets more than 25,000 advert

Visa Brings a Simpler, Safer Experience to Digital Payments23.10.2018 16:00Tiedote

Visa (NYSE: V) today announced a continued commitment to reducing friction and improving security in digital commerce by reiterating support of the draft EMV® Secure Remote Commerce (SRC) Specification. The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay. EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification. Visa now encourages merchants, issuers, acquirer gateways and other interested participants to provide feedback and comment during a 45-day public comment window. Once complete, EMVCo will publish the final specification. Shoppers are increasingly migrating to websites, mobile phones and voice-activated devices, but their buying experiences are full of friction because they are required to manually enter payment details. With SRC, consumers’ digital buying experiences wil

Active-Semi’s New PMICs Reduce Size and Increase Power Density with Leading Field Programable Technology23.10.2018 16:00Tiedote

The ACT88325 and ACT88326 PMICs are integrated field programmable ActivePMU™ power management units, also referred to as PMICs (Power Management ICs). The products are highly flexible with non-volatile memory and come pre-programmed and can be field programmed via I²C or via GPIOs for multiple applications. The ACT88325 powers up based on the preconfigured startup sequence as soon as power is applied to the input pin, whereas ACT88326 implements a Push Button Startup that relies on a customer’s interaction with, for example, a portable application like an Action Camera, Video Doorbell, Body Camera or other handheld applications. “Low external component count, extremely small WLCSP package and high configurability significantly speeds time to market and reduces PCB size and BOM cost,” says David Briggs, VP and General Manager of Power Solutions at Active-Semi. “The ACT88325 and ACT88326 are a great addition to our lineup and are specifically designed for the highest power density in SSD

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme