Source - RNS
RNS Number : 9892K
Theatre (Hospitals) NO.2 PLC
27 September 2016
 

RIS NOTIFICATION

 

To:                  The Irish Stock Exchange

                        28 Anglesea Street

                        Dublin 2

                        Ireland

 

Attention:       Regulatory Information Services

 

27 September 2016

 

 

 

COMPANY ANNOUNCEMENT

 

In relation to THEATRE (HOSPITALS) NO.2 PLC

 

£154,000,000 Class A Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0275389244

£38,000,000 Class B Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0275389830

£36,000,000 Class C Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0275390093

£36,000,000 Class D Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0275390416

 

(together the "Notes")

 

issued by

 

THEATRE (HOSPITALS) NO.2 PLC (the "Issuer")

 

A public limited company incorporated in England and Wales with registered number 6067459 on 25 January 2007

 

The Notes are admitted to trading on the regulated market of the Irish Stock Exchange Limited.

 

The following announcement has been prepared by and issued at the request of the Master Servicer. The Issuer has not independently verified the information contained in this announcement.

 

Capitalised terms used but not otherwise defined in this Notice shall have the meanings ascribed to them in the consent solicitation memorandum dated 10 April 2015 ("Consent Solicitation Memorandum").

New Hedge Documents

 

Reference is made to the RIS announcement made by the Issuer on 29 May 2015 and to the Consent Solicitation Memorandum, where the terms of the Restructuring, which became effective as of 28 May 2015, were described. Certain Noteholders have requested that the Master Servicer provide a clarificatory description of the fixed rate and notional amounts under the New Hedge Documents in one document.

 

As a result of such requests, the Master Servicer has constructed the table below which sets out the aggregate notional amount of all transactions under the New Hedge Documents and the fixed rate payable on each Interest Payment Date until the final termination date under the New Hedge Documents. The figures below are derived from the notional amounts stated in the confirmations forming part of, to the best knowledge of the Master Servicer, the New Hedge Documents in effect at the date of this announcement and which have been provided to the Master Servicer by the New Hedge Counterparties. Noteholders should however be aware that the aggregate notional amounts expressed below may not represent the current aggregate notional amounts under the New Hedge Documents given that such notional amounts may, in certain circumstances as discussed in the Consent Solicitation Memorandum, increase or decrease, including the requirement that the Borrowers are required to maintain under New Hedge Documents an aggregate notional principal amount on any given Interest Payment Date of at least 99 per cent. of the principal amount outstanding of the Senior Loans and the Swap Term Loans. To the best of the Master Servicer's knowledge these notional amounts have remained unchanged.

 

Interest Payment Date

Notional Amount (£)

Fixed Rate per Annum

17 October 2016

929,757,600.00

5.8719%

16 January 2017

920,871,000.00

5.8695%

18 April 2017

911,481,300.00

5.8688%

17 July 2017

902,134,800.00

5.8681%

16 October 2017

891,296,100.00

5.8674%

15 January 2018

880,738,200.00

5.8672%

16 April 2018

870,074,100.00

5.8664%

16 July 2018

859,238,100.00

5.8656%

15 October 2018

847,256,400.00

5.8649%

15 January 2019

836,351,100.00

5.8645%

15 April 2019

825,391,800.00

5.8635%

15 July 2019

814,000,500.00

6.1378%

15 October 2019

802,148,400.00

6.1369%

15 January 2020

789,075,000.00

6.1363%

15 April 2020

775,766,700.00

6.1352%

15 July 2020

762,223,500.00

6.1342%

15 October 2020

747,436,500.00

6.1331%

15 January 2021

732,481,200.00

6.1324%

15 April 2021

717,273,900.00

6.1310%

 

The following table sets out the manner in which the aggregate notional principal is allocated to each Borrower.

 

Borrower

Percentage of Aggregate Notional Amount Allocated

GHG 2 (Clementine Churchill Hospital) Limited

8.49%

GHG 3 (Ross Hall Hospital) Limited

7.24%

GHG 4 (Princess Margaret Hospital) Limited

4.75%

GHG 5 (London Independent Hospital) Limited

3.66%

GHG 6 (Thornbury Hospital) Limited

4.25%

GHG 7 (Chiltern Hospital) Limited

4.56%

GHG 8 (Park Hospital) Limited

4.44%

GHG 9 (Bath Clinic) Limited

4.06%

GHG 11 (Mount Alvernia Hospital) Limited

3.45%

GHG 12 (Hampshire Clinic) Limited

2.94%

GHG 13 (Chaucer Hospital) Limited

2.20%

GHG 14 (Shirley Oaks Hospital) Limited

2.15%

GHG 15 (Highfield Hospital) Limited

2.06%

GHG 16 (Chelsfield Park Hospital) Limited

1.93%

GHG 17 (Ridgeway Hospital) Limited

1.88%

GHG 18 (Saxon Clinic) Limited

1.67%

GHG 19 (Albyn Hospital) Limited

1.60%

GHG 20 (Sarum Road Hospital) Limited

1.42%

GHG 21 (Somerfield Hospital) Limited

0.85%

GHG 22 (Garden Hospital) Limited

0.80%

GHG 23 (Fawkham Manor Hospital) Limited

0.83%

GHG 24 (Sloane Hospital) Limited

0.66%

GHG 25 (Werndale Hospital) Limited

0.51%

GHG 26 (Beardwood Hospital) Limited

0.47%

GHG 27 (Esperance Hospital) Limited

0.45%

GHG 28 (Manor Hospital) Limited

0.39%

GHG 29 (Fernbrae Hospital) Limited

0.19%

GHG 30 (Paddocks Hospital) Limited

0.15%

GHG 31 (Blackheath Hospital) Limited

3.61%

GHG 32 (Goring Hall Hospital) Limited

1.39%

GHG 33 (Beaumont Hospital) Limited

0.72%

GHG 34 (Priory Hospital) Limited

7.86%

GHG 35 (Droitwich Spa Hospital) Limited

1.36%

GHG 36 (Winterbourne Hospital) Limited

1.48%

GHG 37 (Alexandra Hospital) Limited

15.53%

 

 

If Noteholders have any questions they should contact Serenity Morley of Capita Asset Services (UK) Limited on +44 207 393 6227 or by email: [email protected]

 

Notice is given by:

 

 

 

Capita Asset Services (London) Limited

as Master Servicer and agent of the Issuer

 

 

Date of notification: 27 September 2016

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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