E-Carat 7 plc Notice to Noteholders of Redemption

Date : 14/02/2020 @ 15:31
Source : UK Regulatory (RNS & others)

E-Carat 7 plc Notice to Noteholders of Redemption

TIDMIRSH

RNS Number : 1095D

E-Carat 7 plc

14 February 2020

E-CARAT 7 PLC

   Date:    14 February 2020 

NOTICE OF REDEMPTION

E-CARAT 7 PLC

(Registered Number 10368441)

35 Great St. Helen's

London EC3A 6AP

(the Issuer)

GBP400,000,000 Class A Asset Backed Floating Rate Notes due November 2024

(ISIN: XS1512810109)

(the Class A Notes)

GBP42,800,000 Class B Asset Backed Floating Rate Notes due November 2024

(ISIN: XS1512810521)

(the Class B Notes)

GBP33,394,000 Subordinated Asset Backed Fixed Rate Notes due November 2024

(ISIN: GB00BD2NHS45)

(the Subordinated Notes and together with the Class A Notes and the Class B Notes, the Notes)

The Notes are admitted to trading on the regulated market of the Irish Stock Exchange trading as Euronext Dublin.

This announcement contains inside information and is made by the Issuer, pursuant to the Market Abuse Regulation (the Regulation (EU) No. 596/2014) and the Implementing Technical Standards relating thereto (Regulation (EU) 2016/1055).

Capitalised terms used, but not defined herein shall have the meaning given thereto in the Prospectus dated 15 December 2016 in relation to the issue and offering of the Notes.

On the date hereof, the Issuer served notice on the Note Trustee in accordance with Clause 14 of the Trust Deed dated 19 December 2016 made between, inter alios, the Issuer and U.S. Bank Trustees Limited (as Note Trustee and Security Trustee) (the Trust Deed) and Condition 6.2 of the Notes that the Notes shall be redeemed in full by the Issuer following application of Available Revenue Receipts and Available Principal Receipts on 18 March 2020 (such date, the Repurchase and Redemption Date).

Notice is hereby given that the Issuer intends on the Repurchase and Redemption Date, pursuant to Condition 6.2 of the Notes, to redeem in full the Notes issued by the Issuer and constituted by the Trust Deed at their Principal Amount Outstanding together with accrued but unpaid interest up to but excluding the Repurchase and Redemption Date.

The Issuer accepts responsibility for the information contained in this notice.

This notice is given by:

E-CARAT 7 PLC

35 Great St. Helen's

London EC3A 6AP

United Kingdom

   CC:      U.S. Bank Trustees Limited 

5th Floor, 125 Old Broad Street

London, EC2N 1AR

United Kingdom

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

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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(END) Dow Jones Newswires

February 14, 2020 10:31 ET (15:31 GMT)

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