Meadowhall Finance PLC Results of Bondholder Meetings (5680S)
July 09 2020 - 5:57AM
UK Regulatory
TIDM37QC
RNS Number : 5680S
Meadowhall Finance PLC
09 July 2020
MEADOWHALL FINANCE PLC
(the Issuer)
(incorporated in England and Wales with limited liability
with registered number 05987141)
NOTICE OF RESULT OF MEETINGS
to the holders of those of the
GBP605,000,000 Class A1 4.986 per cent. Bonds due 2037 (ISIN:
XS0278325476)
presently outstanding
(the Class A1 Bondholders and the Class A1 Bonds
respectively)
and the
GBP60,000,000 Class A2 Floating Rate Bonds due 2037 (ISIN:
XS0278327415)
presently outstanding
(the Class A2 Bondholders and the Class A2 Bonds
respectively)
and the
GBP175,000,000 Class B 4.988 per cent. Bonds due 2037 (ISIN:
XS0278326441)
presently outstanding
(the Class B Bondholders and the Class B Bonds respectively)
of
the Issuer
NOTICE IS HEREBY GIVEN to the holders of the above Classes of
Bonds that, at the respective Meetings of the holders of the Class
A1 Bonds, the Class A2 Bonds and the Class B Bonds convened by the
Notices of Meeting delivered to Euroclear and Clearstream,
Luxembourg on 17 June 2020 and held on 9 July 2020, the
Extraordinary Resolution set out in each such Notice was duly
passed by the holders of the relevant Class of Bonds.
Terms defined in the Consent Solicitation Document referred to
in such Notices bear the same meanings when used in this
notice.
The Consent Solicitation has not been terminated and,
accordingly, the modifications referred to in the Extraordinary
Resolution will be implemented in accordance with the Consent
Solicitation Document save only that the Issuer and the Borrower
propose to reduce the Suspension Recovery Period by six months so
that the Suspension Recovery Period will end on (and include) the
Interest Payment Date which falls in October 2021 instead of the
Interest Payment Date which falls in April 2022. The Bond Trustee,
the Borrower Security Trustee and the Issuer Security Trustee have
agreed to implement the Proposed Waivers and Amendments on that
basis, and the Supplemental Agreement will accordingly be executed
and delivered by the relevant parties today.
The Early Instruction Fee will be paid to eligible Relevant
Bondholders on 13 July 2020 in the manner described in the Consent
Solicitation Document.
This Notice is given by
Meadowhall Finance plc
York House
45 Seymour Street
London
W1H 7LX
Dated: 9 July 2020
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END
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