Pricing & results of invitation for offers to sell


 

TIDM31PE TIDMSBDB 
 
RNS Number : 3977Q 
Canary Wharf Finance II PLC 
09 April 2009 
 

CANARY WHARF FINANCE II PLC ANNOUNCES PRICING AND RESULTS IN RELATION TO AN 
INVITATION BY CANARY WHARF FINANCE (INVESTMENTS) LIMITED FOR OFFERS TO SELL 
NOTES 
NOT FOR DISTRIBUTION TO ANY UNITED STATES OR ITALIAN PERSON OR TO ANY PERSON 
RESIDENT AND/OR LOCATED IN THE UNITED STATES OR ITALY. CAPITALISED TERMS USED IN 
THIS ANNOUNCEMENT HAVE THE MEANINGS ASCRIBED TO THEM IN THE INVITATION FOR 
OFFERS DATED 2 APRIL 2009 (THE "INVITATION FOR OFFERS"). 
Further to the announcement made by Canary Wharf Finance II plc (the "Issuer") 
on 2 April 2009 the Issuer is pleased to announce that, following the expiration 
of the Invitation at 4 p.m. on Wednesday 8 April 2009, the Purchaser has 
accepted for purchase an aggregate principal amount of Notes of GBP119.8 million 
equal to: GBP26.1 million of the Class B3 Notes; GBP35.3 million of the Class C2 
Notes and GBP58.3 million of the Class D2 Notes. The Purchaser has increased the 
Class Invitation Amount in respect of the Class D2 Notes to include all Notes 
validly tendered. The weighted average Offer Price of the Class B3 Notes is 
GBP468 per GBP1,000 in principal amount of Notes. The weighted average Offer 
Price of the Class C2 Notes is GBP303 per GBP1,000 in principal amount of Notes. 
The weighted average Offer Price of the Class D2 Notes is GBP216 per GBP1,000 in 
principal amount of Notes. All Notes tendered have been accepted in full. The 
aggregate consideration for the purchase of all Notes purchased pursuant to the 
Invitation, excluding accrued interest, is GBP35.5 million. 
The Offer Price specified by each holder in its Offer, together with Accrued 
Interest for the relevant Class of Notes, will be paid to holders whose Notes 
have been accepted for purchase by the Purchaser. Settlement is expected to 
occur on Wednesday, 15 April 2009. 
+------------------+--------------+---------------+-------------+--------------+ 
|  Description of  | Outstanding  |    ISIN/      |  Aggregate  |  Weighted    | 
|    the Notes     |  principal   |  Common Code  |  principal  |   average    | 
|                  |    amount    |               |  amount of  |    Offer     | 
|                  |              |               |    Notes    |  Price per   | 
|                  |              |               |  purchased  |  GBP1,000    | 
|                  |              |               |             |  principal   | 
|                  |              |               |             |    amount    | 
+------------------+--------------+---------------+-------------+--------------+ 
|  GBP104,000,000  |    GBP104    |XS0295172075/  |  GBP26.1    |    GBP468    | 
|    Class B3      |   million    |  029517207    |  million    |              | 
|  Floating Rate   |              |               |             |              | 
|  First Mortgage  |              |               |             |              | 
|  Debentures due  |              |               |             |              | 
|      2037        |              |               |             |              | 
+------------------+--------------+---------------+-------------+--------------+ 
|  GBP275,000,000  |    GBP275    |XS0295172406/  |  GBP35.3    |    GBP303    | 
|    Class C2      |   million    |  029517240    |  million    |              | 
|  Floating Rate   |              |               |             |              | 
|  First Mortgage  |              |               |             |              | 
|  Debentures due  |              |               |             |              | 
|      2037        |              |               |             |              | 
+------------------+--------------+---------------+-------------+--------------+ 
|  GBP125,000,000  |    GBP125    |XS0295172745/  |  GBP58.3    |    GBP216    | 
|    Class D2      |   million    |  029517274    |  million    |              | 
|  Floating Rate   |              |               |             |              | 
|  First Mortgage  |              |               |             |              | 
|  Debentures due  |              |               |             |              | 
|      2037        |              |               |             |              | 
+------------------+--------------+---------------+-------------+--------------+ 
 
 
Date: 9 April 2009 
For further information: 
A complete description of the terms and conditions of the Invitation is set out 
in the Invitation for Offers. Further details about the transaction can be 
obtained from: 
The Dealer Managers: 
Morgan Stanley & Co. International plc 
Tel: +44 (0) 20 7677 5040 
Attn: Liability Management 
Email:  liabilitymanagementeurope@morganstanley.com 
Lazard & Co., Limited 
Tel: +44 (0) 20 7187 2549 
Attn: Michael Grayer 
Email: michael.grayer@lazard.com 
The Tender Agent: 
Deutsche Bank AG, London Branch 
Tel: +44 (0) 20 7547 5000 
 Attn: Debt and Equity Restructuring Services 
Email: xchange.offer@db.com 
 
 
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OR A 
SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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