RCB Bonds PLC Golden Lane Housing Loan Agreements

RNS Number : 8884G

RCB Bonds PLC

14 March 2024

 

Golden Lane Housing: amendment of loan agreements

RCB Bonds PLC (the "Issuer") announces that the following amendments have been made to the loan agreements with Golden Lane Housing dated 23 November 2017 (the "2017 Loan Agreement"), which is assigned as security for the Issuer's 3.375% bonds due 2027, and 23 July 2021 (the "2021 Loan Agreement"), which is assigned as security for the Issuer's 3.25% bonds due 2031.

 

Clause 8.1 of the 2017 Loan Agreement has been deleted in its entirety and replaced with the following:

 

"The Charity shall supply to the Lender as soon as the same become available, but in any event within 180 days of the end of each of its financial years, its audited annual report and accounts for that financial year (consolidated if appropriate)."

 

Clause 8.5 of the 2021 Loan Agreement has been deleted in its entirety and replaced with the following:

 

"The Charity shall supply to the Lender an annual statement of social impact at the same time as it supplies its audited annual report and accounts to the lender pursuant to Clause 8.1(a) (Financial statements), such annual statement of social impact being in accordance with the guidance set out at Schedule 3 (Guidance on Statement of Social Impact)."

 

The amendments were made with the consent of M&G Trustee Company Limited in accordance with clause 20 (Modification) of the Master Trust Deed dated 26 June 2014.

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