NewDay Funding 2017-1 PLC Redemption of Class F Notes (5797P)
2020年6月10日 - 11:55PM
RNSを含む英国規制内ニュース (英語)
TIDM75FO
RNS Number : 5797P
NewDay Funding 2017-1 PLC
10 June 2020
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014.
SEE "IMPORTANT INFORMATION" BELOW.
NEWDAY FUNDING 2017-1 PLC
1 Bartholomew Lane
London EC2N 2AX
(the "Issuer")
RNS ANNOUNCEMENT IN RESPECT OF REDEMPTION OF SERIES
For the attention of the holders of the following notes of the
Issuer
GBP125,000,000 Class A Asset Backed Floating Rate Notes
(ISIN: XS1634772468, Common Code: 163477246)
GBP19,250,000 Class B Asset Backed Floating Rate Notes
(ISIN: XS1634772971, Common Code: 163477297)
GBP28,250,000 Class C Asset Backed Floating Rate Notes
(ISIN: XS1634774084, Common Code: 163477408)
GBP35,500,000 Class D Asset Backed Floating Rate Notes
(ISIN: XS1634774167, Common Code: 163477416)
GBP19,750,000 Class E Asset Backed Floating Rate Notes
(ISIN: XS1634803792, Common Code: 163480379)
GBP16,500,000 Class F Asset Backed Floating Rate Notes
(ISIN: XS1634834912, Common Code: 163483491)
(together, the "Notes")
10 June 2020
Series 2017-1 Scheduled Redemption Date
It is announced that NewDay Cards Ltd ("NewDay") does not intend
to exercise its option to extend the Series 2017-1 Scheduled
Redemption Date. This decision reflects current funding market
conditions and the strength of the liquidity position in the NewDay
Funding master trust as well as the NewDay group as a whole.
As a result of the above it is expected that:
-- the Series 2017-1 Scheduled Redemption Date will remain as 15
July 2020 and the Notes will be redeemed on that date, save that,
subject to receiving the required trustee consents and the other
classes of Notes being fully cash-collateralised, the Class F Notes
(which are all held by the Transferor) are expected to be redeemed
on or about 12 June 2020; and
-- the redemption of the Notes will come from drawings under the
existing committed senior variable funding loan notes issued by
NewDay Funding Loan Note Issuer Ltd and drawings under the
originator variable funding loan note issued by NewDay Funding Loan
Note Issuer Ltd (the latter drawings being funded by the NewDay
group's corporate cash).
Words and expressions used in this announcement shall have the
meanings assigned to them in the Series 2017-1 Supplement to the
Receivables Trust Deed and Servicing Agreement dated 5 July 2017
between, inter alios, NewDay Cards Ltd, NewDay Funding Receivables
Trustee Ltd and NewDay Funding Loan Note Issuer Ltd.
Contact details:
Issuer: 1 Bartholomew Lane
London EC2N 2AX
Email: directors-uk@intertrustgroup.com
Attention: The Directors
This announcement is made by:
NEWDAY FUNDING 2017-1 PLC
LEI: 213800U7VHJCEVWBP966
IMPORTANT INFORMATION
This announcement is released by NewDay Funding 2017-1 plc and
contains information that qualified or may have qualified as inside
information for the purposes of Article 7(1) of the Market Abuse
Regulation (EU) 596/2014 (MAR), being information relating to the
redemption of the Notes. For the purposes of MAR and Article 2 of
Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Helena Whitaker.
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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June 10, 2020 10:55 ET (14:55 GMT)
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