Source - RNS
RNS Number : 7463M
Theatre (Hospitals) No.1 Plc
17 October 2016
 

RIS NOTIFICATION

 

To:             The Irish Stock Exchange

28 Anglesea Street

Dublin 2

Ireland

 

Attention: Regulatory Information Services

 

17 October 2016

 

 

COMPANY ANNOUNCEMENT

 

In relation to THEATRE (HOSPITALS) NO.1 PLC

 

£231,000,000 Class A Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0290917227

 

£57,000,000 Class B Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0275389756

 

£54,000,000 Class C Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0294355028

 

£54,000,000 Class D Commercial Mortgage-Backed Floating Rate Notes due 2031

ISIN: XS0294355374

 

(together the "Notes")

 

issued by

 

THEATRE (HOSPITALS) NO.1 PLC (the "Issuer")

 

A public limited company incorporated in England and Wales with registered number 06067193 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").

Permitted Rent Reduction Transaction

Reference is made to the description of a Permitted Rent Reduction Transaction contained in the Consent Solicitation Memorandum and to the announcement made by Netcare Limited ("Netcare") on 27 September 2016 (which Noteholders can find at http://www.netcareinvestor.co.za/news_sens.php?id=503253) where Netcare announced that its UK subsidiary, Opco, is currently engaged in discussions with its major external landlord, the Borrowers, with regard to a rent reduction transaction.

The Master Servicer confirms to Noteholders that it has not as at the date of this announcement received any formal approach by the Obligors' Agent, on behalf of the Obligors, to approve a Permitted Rent Reduction Transaction but it has been approached by Hospital Topco to discuss such transaction. The Master Servicer has entered into such discussions under strict confidentiality restrictions, but will make further details available if the Permitted Rent Reduction Transaction is implemented.

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: 17 October 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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