Global SC Finance IV Limited Supplements Consent Solicitation Statement, Extends Expiration Time

HAMILTON, Bermuda, Dec. 14, 2017 /PRNewswire/ -- Global SC Finance IV Limited (the "Issuer") today announced that it issued a Supplement, dated December 14, 2017 (the "Supplement") to its Consent Solicitation Statement, dated December 6, 2017 (as supplemented, the "Consent Solicitation Statement"), relating to the solicitation of consents from the holders of the following series of fixed rate asset-backed notes (the "Notes"), and extended the expiration time of the consent solicitation to 5:00 p.m., New York time, on December 19, 2017, unless extended or earlier terminated (the "Expiration Time").

The Supplement adds a definition of the term "Intercompany Receivables."   The term will be used in financial calculations to determine a Manager Default and was capitalized but not defined in the Consent Solicitation Statement as originally issued.  The definition is the same as in bank and other financings recently negotiated by Seaco SRL and its affiliates.

Consents received may be withdrawn prior to the Expiration Time using the procedures in the Supplement. 

The Issuer has retained D.F. King Co., Inc. to serve as its tabulation agent for the consent solicitation.  Questions concerning the terms of the consent solicitation and requests for documents should be directed to D.F. King Co., Inc., 48 Wall Street, 22^nd Floor, New York, New York 10005, Attention: Corporate Actions.  Banks and brokers please call (212) 269-5550; all others please call (877) 478-5042 or email [email protected].  RBC Capital Markets, LLC is serving as the solicitation agent for the consent solicitation.  Questions regarding the consent solicitation may be directed to RBC Capital Markets, LLC at (877) 381-2099 (toll-free) or (212) 618-7843.

This press release, the Consent Solicitation Statement, the Supplement and related Consent Form shall not constitute an offer to sell or a solicitation of an offer to purchase any Notes or other securities. The consent solicitations are being made only by, and pursuant to the terms of, the solicitation documents, and the information in this press release is qualified by reference to the solicitation documents. No recommendation is made, or has been authorized to be made, as to whether or not holders of Notes should consent to the adoption of the matters set forth in the Consent Solicitation Statement and the Supplement.

About Seaco and HNA

The Issuer is an affiliate of Seaco SRL, which manages its container fleet.  The Issuer and Seaco are indirect subsidiaries of HNA Group Co Ltd.

Founded as Sea Containers in 1965, Seaco has 50 years of leading change in the container leasing industry. Seaco purchases new container equipment for leasing and re-leasing to customers worldwide, providing expertise in regional/global container leasing and sales solutions.

Today, Seaco is one of the world's largest container leasing companies, providing a fleet of approximately 2.2 million TEU across a diversified fleet of Dry Boxes, Reefers, Tanks, Specials and Swapbody containers.

Website: www.seacoglobal.com

In 2011, Seaco was acquired by HNA Group Co Ltd. HNA is a large Chinese conglomerate engaging in transportation, logistics, tourism, hotel, property, airport management, financial services and retail. HNA is one of the Top 4 in China's aviation industry, ranking in China Top 100 Enterprises.

HNA is now a Fortune 100 Global company and is one of the largest non-government owned companies in China with approximately $30 billion in annual revenue and total assets of over $90 billion, providing a full spectrum of services in 8 major business sectors. 
Website: http://www.hnagroup.com/en/

Contact

For further information, please contact:

RAJESH NATALI
General Manager
Seaco Barbados
DL +12462288787
M   +12462340941
F    +12462288788

SOURCE Global SC Finance IV Limited