£153,166,000 5.218 per cent. Commercial Mortgage Backed Notes due 2039 (the Notes)
(ISIN: XS0202417134, Common Code: 020241713)
9 June 2017
Pre-payment of the Term Loan Facility
By a Credit Agreement dated 1 October 2004, PICTS PLC (the Issuer) granted 33 Old Broad Street 1 Limited and 33 Old Broad Street 2 Limited as general partners of an acting for and on behalf of 33 Old Broad Street (Jersey) Limited Partnership (the Borrower) a Term Loan Facility in a principal amount of £153,166,000 advanced at a premium of £1,532. On 8 June 2017, the Issuer received a notice under the terms of the Credit Agreement from the Borrower, informing the Issuer of its intention to pre-pay the Term Loan Facility in full, together with any additional amounts required by the Issuer to effect repayment of the applicable Notes on the relevant Note Interest Payment Date and a Prepayment Premium on the next Loan Interest Payment Date falling on 17 July 2017.
Pursuant to Condition 5.3 of the Notes, upon a receipt of such notice of prepayment from the Borrower, the Issuer is required to redeem the Notes on the next following Note Interest Payment Date. Accordingly, the Issuer confirms that it will utilise the amounts so pre-paid to it by the Borrower to redeem the Notes on the next Note Interest Payment Date, falling on 20 July 2017.
Capitalised terms used herein and not otherwise defined shall have the meanings given to them in the Offering Circular dated 1 October 2004 (the Offering Circular) and the Master Definitions Schedule dated 1 October 2004 as amended and restated on 13 January 2012 (the Master Definitions Schedule). Copies of the Offering Circular, the Master Definition Schedule and other Transaction Documents, are available for inspection by the Noteholders during ordinary business hours at the registered office of the Issuer, being 35 Great St. Helen's, London EC3A 6AP.
c/o Intertrust Management Limited
35 Great St. Helen's
London EC3A 6AP
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein.
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This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS