AA PLC Notice of Final Settlement (9346U)

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RNS Number : 9346U

AA PLC

17 July 2018

AA plc

17(th) July 2018

Notice of Final Settlement

The AA plc today announces that, pursuant to the Tender Offer announced on 02 July 2018 and the announcement on 10 July 2018, an aggregate principal amount of GBP300m of the GBP500m outstanding 4.2487% Class A3 Secured Notes due 2020/2043 (XS0996575378) (the "Class A3 Notes") have been purchased by AA Senior Co Limited (the "Borrower") for cash.

Concurrently, AA Bond Co Limited (the "Issuer") has successfully issued GBP550m of new Sub-Class A7 Fixed Rate Notes with an expected maturity of 31 July 2024 and a final maturity of 31 July 2043, with a coupon of 4.875% payable semi-annually in arrear. The Sub-Class A7 Notes are senior secured Reg S bearer notes and are rated BBB-(sf) by S&P.

As of today, following the purchase of the Class A3 Notes by the Borrower, the Issuer will redeem such Class A3 Notes, leaving GBP200m aggregate principal amount of the Class A3 Notes outstanding and listed on the Irish Stock Exchange.

Enquiries

Investors

Zeeshan Maqbool, Head of Investor Relations, AA plc [phone]

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July 17, 2018 10:53 ET (14:53 GMT)