Coventry & Rugby Hospital Co PLC Notice (5666J)
2020年12月22日 - 10:39PM
RNSを含む英国規制内ニュース (英語)
TIDM51VZ
RNS Number : 5666J
Coventry & Rugby Hospital Co PLC
22 December 2020
ANNOUNCEMENT
THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC - RNS
ANNOUNCEMENT
THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC (the "Issuer")
GBP407,239,000
3.246 per cent. Index Linked guaranteed secured bonds due 30
June 2040
(including GBP35,000,000 variation bonds)
(with authority to issue further bonds)
unconditionally and irrevocably guaranteed as to scheduled
payments of principal and interest pursuant to a financial
guarantee policy
issued by MBIA ASSURANCE S.A. (succeeded by Assured Guaranty
(Europe) Ltd)
Warning Notices and Service Failure Points
On 11 November 2020 University Hospital Coventry and
Warwickshire Trust ("UHCW") issued two warning notices in respect
of the accumulation of Service Failures Points ("SFPs") on two of
the services provided by the Hard Services Provider, Vinci
Facilities ("Vinci")", causing the level of SFPs within a 6 month
rolling period to breach thresholds set out in the Project
Agreement. This also constitutes a Trigger Event under the
Collateral Deed.
In addition, on 24 November 2020 the Coventry and Warwickshire
Partnership Trust ("CWPT") awarded SFPs that breach thresholds set
out in the Project Agreement. On 30 November CWPT issued Warning
Notices in relation to these threshold breaches. The level of
points awarded by CWPT constitutes an Event of Default under the
Collateral Deed. The award of these SFPs is disputed by the Hard
Services Provider. Project Co intends to make a referral to the
Dispute Resolution Procedure under the Project Agreement in
relation to such.
The occurrence of Events of Default provides the Credit Provider
with certain rights in respect of the Project. As at the date of
this announcement, the Credit Provider has reserved its rights to
exercise any of the rights available to them beyond placing the
Project into distribution lock-up.
Financial Obligations
The Issuer fulfilled its Debt Service Obligations on 30 June
2020, without the need to utilise cash standing to the credit of
available reserve bank accounts. The Issuer expects to be in a
position to meet its next Debt Service Obligations, due on 31
December 2020, as well as all future Debt Service Obligations,
without recourse to such available reserve bank accounts.
Enquiries
The Issuer
The Coventry and Rugby Hospital Company Plc
8 White Oak Square
Swanley
Kent
BR8 7AG
Attention: Jim Valentine, Project Co. Representative.
Important information
This announcement is not a prospectus, is distributed for
information purposes only and does not constitute or form part of
any offer or invitation to issue, acquire or dispose of any
securities in any jurisdiction. Nothing in this document is
intended to amount to an invitation or inducement to engage in
investment activity. Nothing in this document amounts to the giving
of advice. If you are in any doubt as to the action you should
take, you should consult a professional adviser.
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
MSCXLLFLBLLXFBZ
(END) Dow Jones Newswires
December 22, 2020 08:39 ET (13:39 GMT)
Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
から 8 2024 まで 9 2024
Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
から 9 2023 まで 9 2024