Avanti Communications Group plc announced the launch of a consent solicitation, exchange offer and new money offer as part of a larger financial refinancing. The company announced that it has received consents from holders of 91.85% of its Senior Secured Notes due 2019 (the Notes) in connection with the consent solicitation to permit, among other things, the incurrence of up to $132.5 million in super senior indebtedness and the payment of PIK Interest on the Notes in lieu of cash for certain future interest payments due on the Notes. The company has amended and restated the indenture governing the Notes, effecting the amendments approved in the consent solicitation. The company has amended and restated the indenture governing the Notes, effecting the amendments approved in the consent solicitation. As a result, revocation rights in connection with the consent solicitation have been terminated. The amendments will become operative upon the payment of the consent payment and the satisfaction or waiver of the other conditions set forth in the consent solicitation statement, exchange offer and new money offer memorandum. The company expects to make a consent payment on or around 26 January 2017 of $2.50 per $1,000 principal amount of Notes, to be paid in the form of cash, to holders who validly delivered a consent prior to 11:59 p.m., New York time, on 4 January 2017.