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CLASS A3 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. Noteholders attention is drawn to Clause 20 of the Intercompany Loan Agreement pursuant to which Holdings is entitled to dispose of its interest in a Property Company, provided that certain conditions are satisfied. The Issuer gives notice that Holdings intends to exercise that right to dispose of Broadgate (PHC 3), being the Property Company which owns 100 Liverpool Street and 8-12 Broadgate, London EC2. The purchaser of these Property Companies is PHC 3 Parent Limited. One of the conditions of such disposal is that PHC 3 prepays its Subordinated Loan to the Borrower and the Borrower prepays one or more Term Loans in an amount equal to the Required Prepayment Amount being in this case an aggregate amount of £106,929,320.00. Under Condition 6.2 (c) of the Bonds, if the Borrower
to the holders of the following notes of the Issuer presently outstanding £336,606,941.92 Class A1 Asset-Backed Floating Rate Notes due 2056 (ISIN: XS1722900518), £602,954,305.00 Class A2 Asset-Backed Fixed Rate Notes due 2056 (ISIN: XS1722900864), £120,610,000.00 Class B Notes due 2056 (ISIN: XS1722900948) and £1,919,125,000.00 Class X Notes due 2056 (the Noteholders and the Notes , respectively) THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders in accordance with Condition 16 (Notices to Noteholders) that the Issuer and the Master Servicer have amended the documents specified in this notice on 6 May 2021 in order to effect the Amendments (as such term is defined below).
NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders in accordance with Condition 16
(Notices to Noteholders) that the Issuer and the Master Servicer have amended the documents specified in this notice on 6 May 2021 in order to effect the Amendments (as such term is defined below).
We refer to the notice given by the Issuer to the Noteholders on 26 March 2021 which set out the intention of the Issuer to amend the Amended Documents to:
remove references to LIBOR ;
change the Applicable Base Rate to refer to a SONIA based rate;
change the interest rate calculation provisions in relation to the Applicable Base Rate to refer to a SONIA based rate; and
RNS Number : 8240X
06 May 2021
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.