Foundry JV Holdco LLC Announces Successful Completion of Consent Solicitation to Holders of its Outstanding Senior Secured Notes

Core Viewpoint - Foundry JV Holdco LLC has successfully completed a consent solicitation for amendments to its outstanding senior secured notes, indicating a strategic move to enhance its financial structure and obligations [1][2]. Group 1: Consent Solicitation Details - The consent solicitation received approvals from holders of over 50% of the aggregate principal amount of each series of notes, allowing the company to execute supplemental indentures for the proposed amendments [2]. - The consent solicitation expired on January 17, 2025, at 5:00 p.m. New York City time, leading to the execution of the supplemental indentures [2]. - The proposed amendments will become effective upon the satisfaction or waiver of specific conditions and the payment of a consent fee of $1.00 per$1,000 in principal amount of notes [3]. Group 2: Financial and Operational Context - Foundry JV Holdco LLC is indirectly owned by Brookfield Infrastructure Partners L.P. and is involved in a partnership with Intel Corporation to invest in Intel's manufacturing expansion in Arizona [6]. - The project includes the construction of two semiconductor wafer fabrication buildings, Fab 52 and Fab 62, which are part of a broader strategy to enhance semiconductor production capabilities [6].