Broadgate Financing PLC Notice of Partial Redemption of Class A2 Bonds (8746V)
05 Décembre 2019 - 4:30PM
UK Regulatory
TIDM85QW
RNS Number : 8746V
Broadgate Financing PLC
05 December 2019
COMPANY ANNOUNCEMENT
BROADGATE FINANCING PLC
(the Issuer)
(incorporated as a Public Limited Company in England and Wales
with registered number 5316365)
Cass A2 4.949 per cent. Bonds due 2031 (ISIN:XS0211897664)
(Class A2 Bonds)
Class A3 4.851 per cent Bonds due 2033 (ISIN: XS0211897821)
(Class A3 Bonds)
Class A4 4.821 per cent. Bonds due 2036 (ISIN:XS0213092652)
(Class A4 Bonds)
Class B 4.999 per cent. Bonds due 2033 (ISIN:XS0211898043)
(Class B Bonds)
Class C2 5.098 per cent. Bonds due 2035 (ISIN: XS0211898126)
(Class C2 Bonds)
NOTICE OF PARTIAL REDEMPTION OF CLASS A2 BONDS
Terms defined in the Master Definitions and Construction
Schedule dated 2 March 2005 (as amended) bear the same meanings
when used in this Notice.
The Issuer and the Borrower Security Trustee have received
notice from the Borrower that it intends to prepay the Term A2 Loan
in part in an amount equal to GBP60,000,000.00 on the Interest
Payment Date which falls on 6 January 2020 (the "Relevant Interest
Payment Date"). Under Condition 6.2(c) of the Bonds, if the
Borrower elects to prepay a Term Loan then the Issuer must redeem
in whole or in part the corresponding Class of Bonds in a pro tanto
amount (in addition to the amounts redeemed pursuant to Condition
6.2(a)) and together with any applicable redemption premium payable
pursuant to Condition 6.3(b).
Accordingly notice is hereby given that the Issuer will redeem
the Class A2 Bonds in part on the Relevant Interest Payment Date in
an aggregate principal amount of GBP59,999,940.00, at an amount of
GBP1,144.24 in respect of each Class A2 bond, being GBP952.38 of
principal and GBP191.86 of premium in respect of each Class A2
bond.
The redemption of principal in respect of the Class A2 Bonds
will be in addition to the Bond Amortisation Amount of GBP47.07 in
respect of each Class A2 Bond which falls due on the Relevant
Interest Payment Date.
Payments of interest in respect of the Class A2 Bonds and
payments of interest and principal in respect of the other Classes
of Bonds which fall due on the Relevant Interest Payment Date will
also be made on the Relevant Interest Payment Date.
Condition 6.3(c) of the Bonds provides, inter alia, that
principal amounts prepaid (excluding for these purposes the Bond
Amortisation Amounts paid on the Relevant Interest Payment Date) on
the Class A2 Bonds shall be applied to reduce the remaining Bond
Amortisation Amounts in respect of the Class A2 Bonds pro rata.
The new schedule of Bond Amortisation Amounts for the Class A2
Bonds for Interest Payment Dates falling after the Relevant
Interest Payment Date is as follows:
Revised Bond Amortisation Amounts for the Class A2 Bonds
Interest Payment Date Amount (GBP)
falling in
April 2020 28.26
-------------
July 2020 28.68
-------------
October 2020 29.11
-------------
January 2021 29.55
-------------
April 2021 29.97
-------------
July 2021 30.42
-------------
October 2021 30.87
-------------
January 2022 31.32
-------------
April 2022 31.79
-------------
July 2022 32.27
-------------
October 2022 32.74
-------------
January 2023 33.23
-------------
April 2023 33.72
-------------
July 2023 34.23
-------------
October 2023 34.73
-------------
January 2024 35.25
-------------
April 2024 35.76
-------------
July 2024 36.29
-------------
October 2024 36.83
-------------
January 2025 37.38
-------------
April 2025 37.93
-------------
July 2025 38.50
-------------
October 2025 39.06
-------------
January 2026 39.64
-------------
April 2026 40.23
-------------
July 2026 40.83
-------------
October 2026 41.43
-------------
January 2027 42.04
-------------
April 2027 42.67
-------------
July 2027 43.30
-------------
October 2027 43.94
-------------
January 2028 44.59
-------------
April 2028 45.25
-------------
July 2028 45.92
-------------
October 2028 46.61
-------------
January 2029 47.30
-------------
April 2029 47.99
-------------
Should you have any questions regarding this notice you may
contact the Principal Paying Agent as follows:
PRINCIPAL PAYING AGENT
The Bank of New York Mellon
One Canada Square
Canary Wharf
London E14 5AL
This notice is given by the Issuer
05 December 2019
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCZELFBKLFZFBD
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