Catalyst Healthcare (Manchester)Fin Statement re Settlement Agreement (2347W)
August 14 2020 - 9:48AM
UK Regulatory
TIDM40CZ
RNS Number : 2347W
Catalyst Healthcare (Manchester)Fin
14 August 2020
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
HOLDERS OF THE BONDS. IF HOLDERS OF THE BONDS ARE IN ANY DOUBT AS
TO THE MEANING OR IMPORT OF THE CONTENTS OF THIS NOTICE OR REQUIRE
FURTHER ADVICE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS (INCLUDING IN RESPECT OF ANY TAX
CONSEQUENCES).
Catalyst Healthcare (Manchester) Financing PLC (the
"Issuer")
GBP218,050,000, 2.411 per cent. Index-linked Guaranteed Secured
Bonds due 2040
(including up to GBP38,000,000 Variation Bonds) unconditionally
and irrevocably guaranteed as to scheduled payments of principal
and interest pursuant to a bond financial guarantee issued by AMBAC
Assurance UK Limited (ISIN XS0208052265) (the "Bonds")
NOTICE
To the holders of the Issuer's Bonds
Settlement Agreement with Central Manchester University
Hospitals NHS Foundation Trust
Unless otherwise provided, terms defined in the Master
Definitions Schedule dated 8 December 2004 (as the same may be
amended, varied or supplemented from time to time) shall have the
same meaning where used in this Notice.
This announcement is made further to and adopts the definitions
set out in the RNS Announcement made by the Issuer on 30 July 2020
in respect of the Settlement Agreement entered into by the Trust,
Project Co, the Contractor and the Guarantor (the "Parties").
The Parties have agreed that the Long Stop Date is changed from
31 August 2020 to 1 October 2020, to allow Project Co additional
time to seek the consent of the Funders to the terms of the
Settlement Agreement in accordance with the terms of the Security
Trust and Intercreditor Deed.
A further update will be given in due course.
Enquiries
If you have any enquiries, please direct them to the Issuer.
The Issuer
Catalyst Healthcare (Manchester) Financing PLC
c/o Albany SPC Services Limited,
3rd Floor,
3-5 Charlotte Street,
Manchester,
M1 4HB
Attention: Ailison Mitchell
The Principal Paying Agent
The Bank of New York Mellon,
International Corporate Trust Services,
Merck House, Seldown,
Poole, Dorset,
BH15 1PX
The Bond Trustee
Law Debenture Trustees Limited
Fifth Floor, 100 Wood Street,
London
EC2V 7EX
This notice is given by Catalyst Healthcare (Manchester)
Financing PLC
14 August 2020
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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