Source - RNS
RNS Number : 2516I
Gracechurch Card Programme Fdg PLC
15 June 2017
 



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.

 

This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.

 

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

 

THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION  OF,  OR  A  SOLICITATION  OF  ANY  OFFER  TO  BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUING ENTITY OR ANY OTHER ENTITY IN ANY JURISDICTION.


GRACECHURCH CARD PROGRAMME FUNDING PLC

1 Churchill Place

London

E14 5HP

(as the "Issuing Entity")

 

 

 

NOTICE OF AMENDMENT

 

to the holders of the following notes of the Issuing Entity presently outstanding

 

 

 

£1,400,000,000 Series 13-3 Class A Floating Rate Asset-Backed Notes, ISIN: XS0992306141 ("Class A Notes") and £247,059,000 Series 13-3 Class D Floating Rate Asset-Backed Notes, ISIN: XS0992306224  ("Class D Notes") due 2017

 

 

 

(the "Noteholders" and the "Notes", respectively)

 

We refer to the note trust deed dated 29 September 2011 between the Issuing Entity and The Bank of New York Mellon, acting through its London branch as note trustee (as amended and restated from time to time, the ''Note Trust Deed''), including the terms and conditions of the Notes set out at Schedule 1 thereto (the "Conditions"), pursuant to which the Notes were constituted on the terms and subject to the conditions contained therein.

 

NOTICE IS HEREBY GIVEN by the Issuing Entity to the Noteholders in accordance with Condition 16 (Notices) that the Issuing Entity has amended the Notes and medium term note certificate on 15 June 2017 and will amend the Margin and the MTN Certificate Interest Rate on the Interest Payment Date falling in June 2017, by amending the documents specified in this notice.

 

The Notes

 

The Series 13-3 Note Trust Deed Supplement and the Series 13-3 Final Terms will be amended as prescribed below:

 

a)  the maturity date of the Notes will be extended. The Scheduled Redemption Date will be amended from 15 November 2017 to 15 June 2022. The Final Redemption Date will be amended from 15 November 2019 to 15 June 2024.

 

b)  the Margin will be amended from 0.75 per cent to 0.43 per cent in respect of the Class A Notes and from 1.00 per cent to 0.00 per cent in respect of the Class D Notes in the Final Terms.

 

c)  The Controlled Accumulation Period will be changed from 31 October 2016 through

31 October 2017, to 31 May 2021 through 31 May 2022.


The Series 13-3 medium term note certificate

 

The Series 13-3 MTN Supplement to the Security Trust Deed and MTN Cash Management

Agreement and the MTN Final Terms will be amended as prescribed below:

 

a)  the maturity date of the Notes will be extended. The Scheduled Redemption Date will be amended from 15 November 2017 to 15 June 2022. The Final Redemption Date will be amended from 15 November 2019 to 15 June 2024.

 
        b)  the Margin will be amended from 0.7876 per cent to 0.3655 per cent.

 

c)  The Controlled Accumulation Period will be changed from 31 October 2016 through

31 October 2017, to 31 May 2021 through 31 May 2022.

 

Copies of the Note Trust Deed and related documents may be inspected in electronic or physical form during usual business hours at the registered office of the Issuing Entity or the Principal Paying Agent.  Capitalised terms used but not otherwise defined herein shall have the meanings given to them in the documents specified in this notice, as applicable.

 

Noteholders  with  queries  concerning  the  content  of  this  Notice  are  kindly requested  to contact the Issuing Entity using the details set out below:

 

Contact Details:

 

Issuing Entity:                                 1 Churchill Place
                                                      London
                                                      E14 5HP

                                                      Facsimile: + 44 20 7398 6325

                                                      Attention: the Directors

 

 

This Notice is given by

 

 

 

 

 

GRACECHURCH CARD PROGRAMME FUNDING PLC

as Issuing Entity

Dated 15 June 2017


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