TIDM99XB
RNS Number : 8252X
Income Contingent Student Loans 1
06 May 2021
THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE
PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU)
596/2014
Income Contingent Student Loans 1 (2002-2006) PLC
(Registered Number: 10596240)
1 Bartholomew Lane
London, United Kingdom, EC2N 2AX
(the "Issuer")
Dated 6 May 2021
NOTICE OF A BASE RATE MODIFICATION
to the holders of the following notes of the Issuer presently
outstanding
GBP336,606,941.92 Class A1 Asset-Backed Floating Rate Notes due
2056 (ISIN: XS1722900518), GBP602,954,305.00 Class A2 Asset-Backed
Fixed Rate Notes due 2056 (ISIN: XS1722900864), GBP120,610,000.00
Class B Notes due 2056 (ISIN: XS1722900948) and GBP1,919,125,000.00
Class X Notes due 2056
(the "Noteholders" and the "Notes", respectively)
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS.
NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders in
accordance with Condition 16 (Notices to Noteholders) that the
Issuer and the Master Servicer have amended the documents specified
in this notice on 6 May 2021 in order to effect the Amendments (as
such term is defined below).
1. We refer to the notice given by the Issuer to the Noteholders
on 26 March 2021 which set out the intention of the Issuer to amend
the Amended Documents to:
(a) remove references to "LIBOR";
(b) change the Applicable Base Rate to refer to a "SONIA" based rate;
(c) change the interest rate calculation provisions in relation
to the Applicable Base Rate to refer to a "SONIA" based rate;
and
(d) change the margin payable on the Class A1 Notes in order to,
so far as reasonably and commercially practicable, preserve what
would have been the expected Interest Rate applicable to the Class
A1 Notes had no Base Rate Modification been effected,
(the "Notice of Base Rate Modification").
2. We refer to the notice given by the Issuer to the Noteholders
on 27 April 2021 notifying the Noteholders that no "Reject" votes
were received from Noteholders holding Class A1 Notes or Class A2
Notes in accordance with the procedures set out in the Notice of
Base Rate Modification prior to the deadline set out in the Notice
of Base Rate Modification.
3. The parties to each relevant document have, with effect from
the Effective Date, amended the Note Trust Deed, and the Master
Definitions and Construction Agreement (the "Amended Documents") to
amend the base rate applicable to the Class A1 Notes.
The Amended Documents can each be viewed at the following link
https://www.sf.citidirect.com, and the changes set out therein
being the "Amendments".
4. Copies of the Amended Documents may be inspected in
electronic or physical form during usual business hours at the
registered office of the Issuer 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.
5. Noteholders with queries concerning the content of this
Notice are kindly requested to contact the Issuer, the Secretary of
State for Education in its capacity as the Master Servicer, HSBC
Bank plc in its capacity as the solicitation agent (the
"Solicitation Agent") or Lucid Issuer Services Limited as
tabulation agent (the "Tabulation Agent") using the details set out
below.
Contact Details:
Issuer: Income Contingent Student Loans 1 (2002-2006)
PLC
1 Bartholomew Lane
London, United Kingdom, EC2N 2AX
Facsimile: +44(0) 207 398 6325
Email: directors-uk@intertrustgroup.com
Attention: the Directors
Master Servicer: The Secretary of State for Education
Sanctuary Buildings
20 Great Smith Street
London
SW1P 3BT
Email: Master.Servicer@education.gov.uk
Attention: Sinead O'Sullivan, Susan Acland-Hood,
Ailsa Harris
Solicitation HSBC Bank plc
Agent: 8 Canada Square
London
E14 5HQ
Tel: +44 (0) 20 79926237
Email: LM_EMEA@hsbc.com
Attention: Liability Management Group
Tabulation Agent: Lucid Issuer Services Limited
Tankerton Works
12 Argyle Street
London
WC1H 8HA
Tel: +44 (0 )20 7704 0880
Email: icsl@lucid-is.com
Attention: Owen Morris / David Shilson
This Notice is given by
Income Contingent Student Loans 1 (2002-2006) PLC
as Issuer
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 ISSUER OR ANY OTHER ENTITY IN ANY
JURISDICTION.
In accordance with normal practice, none of the Issuer, the Note
Trustee, the Security Trustee, the Agents or their affiliates (or
their respective directors, employees, officers, consultants or
agents) expresses any view or opinion whatsoever as to the
Amendments, the Amended Documents (each as defined below) or the
information set out in this Notice; and none of the Note Trustee
nor the Security Trustee makes any representation or recommendation
whatsoever as to any action to be taken or not taken by Noteholders
in relation to the Amendments, the Amended Documents or this
Notice, or any document prepared in connection with any of them.
Accordingly, the Issuer, the Note Trustee and the Security Trustee
urge Noteholders who are in doubt as to the impact of the
implementation of the Amendments, the Amended Documents or this
Notice or any document prepared in connection with any of them
(including any tax or other consequences), to seek their own
independent financial, tax and legal advice. Each of the Issuer,
the Note Trustee and the Security Trustee has not made, nor will
they make, any assessment of the merits of the Amendments, the
Amended Documents or this Notice or of the impact of the
Amendments, the Amended Documents or this Notice on the interests
of the Noteholders either as a class or as individuals.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRUPUBCAUPGGWQ
(END) Dow Jones Newswires
May 06, 2021 09:51 ET (13:51 GMT)
Icsl1 56 (LSE:99XB)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 12월(12) 2024
Icsl1 56 (LSE:99XB)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
