Golden Triangle p.l.c. has announced the launch of €42,000,000 5.3% Secured Bonds maturing in 2030, with a nominal value of €100 for each bond issued, maturing at face value.
Please find the prospectus relating to the respective bond issue here.
Business overview
The Issuer carries on the business of a finance company in connection with the ownership, development, and operation of real estate located in Beverly Hills, California. The Issuer was incorporated principally to finance the acquisition of the Hotel Properties and the Office Block.
The IHI Group, the Gores Group and the Action Group have formed a joint venture (Gilded Triumvirate LP) to realise an investment opportunity in Beverly Hills, California, whose principal business is the ownership of two hotels (the Hotel Properties) and an office block (the Office Block) located in Beverly Hills, California. The joint venture partners shall be combining their respective resources, capabilities, and expertise in procuring, operating, and funding the respective property assets.
IHI Group, which needs no introduction locally, carries on the business of an investment group in connection with the ownership, development, and operation of luxury hotels and serviced residential and commercial real estate, carrying its proprietary Corinthia Brand.
The Gores Group is a global investment firm based in Beverly Hills, California. The group was established in 1987 by its current chief executive officer, Alec E. Gores, a prominent entrepreneur and businessman, with the primary purpose of acquiring, fixing, and partnering with businesses. The group focuses on partnering with differentiated businesses that can benefit from their extensive industry knowledge and decades-long experience to improve underperforming or undervalued companies, and since its inception, has completed over 120 acquisitions.
Action Group has three decades of successful track record, it’s a serial investor in all six GCC Gulf countries (Kuwait, Saudi Arabia, Bahrain, United Arab Emirates, Qatar, and Oman), also present in the overseas world markets, with diverse subsidiaries and operations active in more than 12 countries worldwide including Australia, UK, Germany, France, and of course the MENA region, covering various business sectors including investments, real-estate, trade & FMCG, hospitality & hotels, energy & oilfields services, information technology & consultancy.
Use of proceeds
The amount of €42 million received by the Issuer shall be utilised for the following purposes:
An amount of €40.6 shall be loaned to Group companies and utilised as follows:
- Circa €15.9 million (equivalent to $18 million) to be paid to the Gores Group under the Office Contribution and Inducement Agreement, under which the Gores Group will contribute ownership of the Office Block to GT Office Owner LLC, a wholly owned subsidiary of the Guarantor.
- Circa €23.7 million (equivalent to $26.75 million) to be paid to the Hotel Vendors as full settlement of the Vendor Loan.
- Circa €1.0 million (equivalent to $1.13 million) for general operational requirements of the Group.
An amount of €1.4 million to be utilised for general corporate funding.
If the Bond Issue is not fully subscribed, the Issuer reserves the right not to proceed with the issue and listing of the Secured Bonds.
How to apply
There are no fees to apply; this includes both nominee and non-nominee (certificated) applications.
If you are interested in participating in the Bond Issue and need to fund your account with us, we strongly recommend that you send a bank transfer to the IBAN provided on your account for fast, straight-through processing. This can be found easily on your portfolio and statement reports or via the Moneybase platform. Please contact customer care if you are unable to locate this. You can also fund your account by card through the Moneybase platform.
Online
Our award-winning platform, Moneybase, is available as an app on both the Android and IOS app stores and on the web.
Should you prefer to apply online, kindly look up the following instrument on Moneybase and specify the amount of bonds for which you would like to subscribe:
The minimum application amount is €2,000 and in multiples of €100 thereafter.
The offer is currently open for applications, and the issuer reserves the right to close the offer period at an earlier date.
Advisory
Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema, and Fgura) or contact us via email on [email protected], by calling us on +356 25 688 688, or on cc.com.mt/contact.
If you need assistance, our ISO-certified customer care team is available to assist 7 days a week. Contact us on +356 25 688 688, or via live chat on the Moneybase app.
Calamatta Cuschieri Investment Services Limited is a member of the Maltese Investor Compensation Scheme. Instruments entrusted to us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09).
The value of the investment can go down as well as up. Prospective investors wishing to subscribe to the bonds should make their assessment after reading the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds.
Calamatta Cuschieri Investment Services Limited (CCIS), C13729, is licensed by the MFSA to undertake investment services business under the Investment Services Act, Cap 370. CCIS’ registered address is at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara, BKR 9034, Malta.
