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Name | Symbol | Market | Type |
---|---|---|---|
Affinity 5 7/8% | LSE:72YE | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.075 | 0.07% | 100.25 | 97.25 | 103.25 | 0 | 16:35:27 |
TIDM72YE TIDM19LP
RNS Number : 7366J
Affinity Water Finance (2004) Plc
07 December 2018
AFFINITY WATER PROGRAMME FINANCE LIMITED (the "Current Programme Issuer")
GBP14.2 million of 3.625 per cent. Sterling Denominated Fixed Rate Bonds due 2022
GBP60 million of 2.699 per cent. Sterling Denominated Fixed Rate Bonds due 2033
GBP10 million of 1.024 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2033
GBP250 million of 4.5 per cent. Sterling Denominated Fixed Rate Bonds due 2036
GBP85 million of 3.278 per cent. Sterling Denominated Fixed Rate Bonds due 2042
GBP60 million of 0.23 per cent. Sterling Denominated Consumer Price Index Linked Bonds due 2042
GBP190 million of 1.548 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2045
(the "Programme Issuer Bonds")
issued by the Current Programme Issuer and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance (2004) plc
AFFINITY WATER FINANCE (2004) PLC (the "Existing Issuer")
GBP250 million of 5.875 per cent. Guaranteed Notes due 2026 (the "Existing Issuer Bonds" and, together with the Programme Issuer Bonds, the "Bonds")
issued by the Existing Issuer and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and the Current Programme Issuer
AFFINITY WATER LIMITED ANNOUNCES RESULTS OF STID PROPOSAL
7 December 2018
Affinity Water Limited (the "Company") announces today the results of a STID Proposal relating to the substitution of the Current Programme Issuer with the Substitute Programme Issuer, as more fully described in the proposal dated 15 November 2018 (the "STID Proposal").
The Majority Creditors voted in favour of the STID Proposal and, accordingly, the STID Proposal was approved pursuant to and in accordance with the provisions of the STID.
Capitalised terms used in this announcement and not otherwise defined herein have the meanings given to them in the solicitation memorandum dated 15 November 2018 (the "Solicitation Memorandum").
Further to the notice to Secured Creditors from the Company confirming the approval of the STID Proposal pursuant to and in accordance with the provisions of the STID, payment of the Work Fee will be made by the Company in accordance with the provisions of the Solicitation Memorandum, on the Payment Date (expected to be on or about 14 December 2018) to eligible holders of the Bonds (and their Bonds will be unblocked in the applicable Clearing Systems on the Payment Date).
The satisfaction of the Amendment Conditions and the implementation of the substitution of the Current Programme Issuer, together with related amendments, consents and waivers, as set out in the STID Proposal will be announced as soon as practicable.
For further information, please contact:
The Solicitation Agent:
Lloyds Bank Corporate Markets plc
10 Gresham Street
London EC2V 7AE
United Kingdom
Telephone: +44 (0) 20 7158 1719/1726 Email: liability.management@lloydsbanking.com Attention: Liability Management Team, Commercial Banking
The Company:
Affinity Water Limited
Tamblin Way
Hatfield
Hertfordshire
AL10 9EZ
Telephone: +44 1707 679 340 Email: nilesh.patel@affinitywater.co.uk Attention: Nilesh Patel, Treasurer
The Tabulation Agent:
Citibank, N.A., London Branch
Citigroup Centre
Canada Square
London E14 5LB
United Kingdom
Telephone: +44 20 7508 3867 Fax: +44 20 3320 2405 Email: citiexchanges@citi.com Attention: Exchange Team
This notice is given by:
Affinity Water Limited
7 December 2018
This announcement is released by Affinity Water Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the STID Proposal described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Tim Monod at Affinity Water Limited. Neither the Solicitation Agent nor the Bond Trustee accepts any responsibility for the contents of this announcement.
ISINs: XS0883690090 XS1722862080 XS1360548215 XS0883686650 XS1480879540 XS1722861439 XS0883688516 XS0195751523
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
MSCLLFIDFRLRIIT
(END) Dow Jones Newswires
December 07, 2018 02:00 ET (07:00 GMT)
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