Arrow Global Group announced that its wholly owned subsidiary Arrow Global Finance is soliciting for £220mn of its Sterling 7.875% bonds due 2020
Arrow Global Group announced that its wholly owned subsidiary Arrow Global Finance is soliciting for &pound;220mn of its Sterling 7.875% bonds due 2020
London, England - Arrow Global Group Plc ("AGG", and together with its

subsidiaries, "we," "us," "our" or the "Arrow Group") today announces that its wholly owned subsidiary, Arrow Global Finance Plc (the "Company"), is soliciting consents (each, a "Consent") from holders ("Holders") of the Company's £220,000,000 7.875% Senior Secured Notes due 2020 (Rule 144A ISIN: XS0878853059; Common Code: 087885305; Regulation S ISIN: XS0878852598; Common Code: 087885259) (the "Notes") to proposed amendments (the "Proposed Amendments") to the indenture, dated as of January 29, 2013 governing the Notes, as supplemented by the first supplemental indenture, dated as of March 28, 2013, and the second supplemental indenture, dated as of December 10, 2014 (as so supplemented, the "Indenture"), among the Company, the guarantors named therein (the "Guarantors"), The Bank of New York Mellon, London Branch, as Trustee (the "Trustee") and The Royal Bank of Scotland plc as Security Agent (the "Security Agent").

The consent solicitation (the "Solicitation") is being made upon the terms and subject to the conditions set forth in the consent solicitation statement dated March 9, 2015 (the "Consent Solicitation Statement"). The Solicitation expires at 5:00 p.m., London time, on March 17, 2015 (the "Expiration Time"), unless extended or earlier terminated by the Company. The Solicitation is subject to customary conditions, including, among other things, the receipt of valid Consents with respect to a majority in aggregate principal amount of the outstanding Notes on or prior to the Expiration Time (which Consents have not been validly revoked) (the "Requisite Consents").

The purpose of the Solicitation is to obtain the Requisite Consents to amend the Indenture to harmonize the covenants and other provisions applicable to the Notes with those applicable to the Company's €225,000,000 in aggregate principal amount Senior Secured Floating Rate Notes due 2021 (the "New Notes"), issued on November 4, 2014. The covenants in the New Notes better reflect both our current size and scale compared to when the Notes were issued, including as a result of the acquisition of the Capquest Group on November 28, 2014, and better reflect the ways in which the market for available debt portfolios is evolving. The covenants in the New Notes Indenture provide us with greater flexibility to access the evolving market for debt portfolios. The Solicitation is also intended to amend the Indenture to reflect our structure following the initial public offering of AGG shares in October 2013. The Proposed Amendments do not reflect any provisions that are not part of the New Notes Indenture.

Except for the Proposed Amendments, all other terms and conditions of the Indenture will remain unchanged.The Proposed Amendments are described in detail in the Consent Solicitation Statement, which is available from the Tabulation Agent, as defined below. Holders should carefully read and consider the information in the Consent Solicitation Statement.

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