TIDM40XQ
RNS Number : 2516I
Gracechurch Card Programme Fdg PLC
15 June 2017
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW).
IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER
INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS
NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you
are recommended to seek your own financial advice immediately from
your stockbroker, bank manager, solicitor, accountant or other
financial adviser authorised under the Financial Services and
Markets Act 2000 (if you are in the United Kingdom), or from
another appropriately authorised independent financial adviser and
such other professional advice from your own professional advisors
as you deem necessary.
This Notice is addressed only to holders of the Notes (as
defined below) and persons to whom it may otherwise be lawful to
distribute it ("relevant persons"). It is directed only at relevant
persons and must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this Notice relates is available only to relevant persons and
will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this document to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT
BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR
A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY
SECURITIES OF THE ISSUING ENTITY OR ANY OTHER ENTITY IN ANY
JURISDICTION.
GRACECHURCH CARD PROGRAMME FUNDING PLC
1 Churchill Place
London
E14 5HP
(as the "Issuing Entity")
NOTICE OF AMENDMENT
to the holders of the following notes of the Issuing Entity
presently outstanding
GBP1,400,000,000 Series 13-3 Class A Floating Rate Asset-Backed
Notes, ISIN: XS0992306141 ("Class A Notes") and GBP247,059,000
Series 13-3 Class D Floating Rate Asset-Backed Notes, ISIN:
XS0992306224 ("Class D Notes") due 2017
(the "Noteholders" and the "Notes", respectively)
We refer to the note trust deed dated 29 September 2011 between
the Issuing Entity and The Bank of New York Mellon, acting through
its London branch as note trustee (as amended and restated from
time to time, the "Note Trust Deed"), including the terms and
conditions of the Notes set out at Schedule 1 thereto (the
"Conditions"), pursuant to which the Notes were constituted on the
terms and subject to the conditions contained therein.
NOTICE IS HEREBY GIVEN by the Issuing Entity to the Noteholders
in accordance with Condition 16 (Notices) that the Issuing Entity
has amended the Notes and medium term note certificate on 15 June
2017 and will amend the Margin and the MTN Certificate Interest
Rate on the Interest Payment Date falling in June 2017, by amending
the documents specified in this notice.
The Notes
The Series 13-3 Note Trust Deed Supplement and the Series 13-3
Final Terms will be amended as prescribed below:
a) the maturity date of the Notes will be extended. The
Scheduled Redemption Date will be amended from 15 November 2017 to
15 June 2022. The Final Redemption Date will be amended from 15
November 2019 to 15 June 2024.
b) the Margin will be amended from 0.75 per cent to 0.43 per
cent in respect of the Class A Notes and from 1.00 per cent to 0.00
per cent in respect of the Class D Notes in the Final Terms.
c) The Controlled Accumulation Period will be changed from 31
October 2016 through
31 October 2017, to 31 May 2021 through 31 May 2022.
The Series 13-3 medium term note certificate
The Series 13-3 MTN Supplement to the Security Trust Deed and
MTN Cash Management
Agreement and the MTN Final Terms will be amended as prescribed
below:
a) the maturity date of the Notes will be extended. The
Scheduled Redemption Date will be amended from 15 November 2017 to
15 June 2022. The Final Redemption Date will be amended from 15
November 2019 to 15 June 2024.
b) the Margin will be amended from 0.7876 per cent to 0.3655 per
cent.
c) The Controlled Accumulation Period will be changed from 31
October 2016 through
31 October 2017, to 31 May 2021 through 31 May 2022.
Copies of the Note Trust Deed and related documents may be
inspected in electronic or physical form during usual business
hours at the registered office of the Issuing Entity or the
Principal Paying Agent. Capitalised terms used but not otherwise
defined herein shall have the meanings given to them in the
documents specified in this notice, as applicable.
Noteholders with queries concerning the content of this Notice
are kindly requested to contact the Issuing Entity using the
details set out below:
Contact Details:
Issuing Entity: 1 Churchill Place
London
E14 5HP
Facsimile: + 44 20 7398 6325
Attention: the Directors
This Notice is given by
GRACECHURCH CARD PROGRAMME FUNDING PLC
as Issuing Entity
Dated 15 June 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRGGUMCQUPMGAA
(END) Dow Jones Newswires
June 15, 2017 11:58 ET (15:58 GMT)
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