Heathrow Interest Step-Up Termination Notice (6365X)

TIDM10FX TIDM88BX

RNS Number : 6365X

Heathrow

30 August 2022

Heathrow Finance plc

(incorporated with limited liability under the laws of England and Wales)

(formerly BAA (SH) plc)

announces interest rate step-up

in respect of its Notes

30 August 2022 . Heathrow Finance plc (the Issuer) announces today to all noteholders of the outstanding notes listed in the table below (the "Notes") that an Interest Step-Up Termination Trigger Date has occurred on the Waiver Period End Date on 1 July 2022.

 
                                                              Outstanding 
         Description of the Notes               ISIN        principal amount                 Trust Deed 
-----------------------------------------  -------------  ------------------  ---------------------------------------- 
  GBP300M 4.75% Senior Secured Notes due    XS1904681944    GBP300,000,000     7 November 2018 (as supplemented 8 July 
                   2024                                                               2020 and 10 August 2021) 
  GBP250M 5.75% Senior Secured Notes due    XS1120937617    GBP250,000,000       16 October 2014 (as supplemented 28 
                   2025                                                           February 2019, 8 July 2020 and 10 
                                                                                            August 2021) 
 GBP275M 3.875% Senior Secured Notes due    XS1622694617    GBP275,000,000         8 June 2017 (as supplemented 28 
                   2027                                                           February 2019, 8 July 2020 and 10 
                                                                                            August 2021) 
 GBP300M 4.125% Senior Secured Notes due    XS2081020872    GBP300,000,000       19 November 2019 (as supplemented 8 
                   2029                                                             July 2020 and 10 August 2021) 
-----------------------------------------  -------------  ------------------  ----------------------------------------

Capitalised terms used but not defined herein shall have the meaning given to them in applicable the Trust Deed made between, amongst others, the Issuer and Deutsche Trustee Company Limited (each a Trust Deed), in each case, as supplemented or amended from time to time.

Pursuant to the terms of each Trust Deed, the Issuer hereby gives notice to the Noteholders pursuant to sub-paragraph (g) of Condition 6 (Interest) of Schedule 3 (Terms and Conditions of the Notes in Definitive Form) of each the Trust Deed that:

a) a Rating Event Termination Trigger Date constituting an Interest Step-Up Termination Trigger Date had occurred on 1 July 2022;

b) following the cessation of the Rating Event Interest Step-Up, the revised interest rate applicable to the relevant Class of Note shall be as follows; and

 
                    Outstanding 
     ISIN         principal amount    Revised interest rate 
--------------  -------------------  ---------------------- 
 XS1904681944      GBP300,000,000            4.750% 
 XS1120937617      GBP250,000,000            5.750% 
 XS1622694617      GBP275,000,000            3.875% 
 XS2081020872      GBP300,000,000            4.125% 
--------------  -------------------  ----------------------

c) the first day of the Interest Period from which such revised rates shall accrue shall be 1 September 2022.

For further information, please contact

Timothy Allen, Head of Debt Investor Relations +44 (0)7568 604873

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

MSCFLFFSTEIIVIF

(END) Dow Jones Newswires

August 30, 2022 10:27 ET (14:27 GMT)

Heathrow Fin 25 (LSE:10FX)
過去株価チャート
から 12 2024 まで 1 2025