Company name Unite (USAF) II PLC
Headline Notice to Noteholders


RNS Number : 9194M
Unite (USAF) II PLC
11 January 2019
 

11 January 2019

UNITE (USAF) II plc

(the Issuer)

The following is a notice to the holders of the Notes (as defined below).

 

The Issuer wishes to give notice to the holders (the Noteholders) of the:

£125,000,000 3.921 PER CENT. NOTES DUE JUNE 2030 (ISIN: XS0991898197)

£380,000,000 3.374 PER CENT. NOTES DUE JUNE 2028 (ISIN: XS0942125963)

(together, the Notes)

each issued by the Issuer, constituted by a Note Trust Deed between the Issuer and Capita Trust Company Limited (now Link Corporate Trustees (UK) Limited) as Note Trustee.

NOTICE IS HEREBY GIVEN to the Noteholders, pursuant to Clause 12.8 (Notice to Issuer Secured Creditors) of the Issuer Deed of Charge and Clause 14.5 of the STID (Notification to Obligor Secured Creditors), that:

(a)  the Obligor Security Trustee, the Note Trustee and the Issuer Security Trustee have consented to the retirement of the UNITE Discretionary Trust as a Limited Partner from USAF No. 1 Limited Partnership.  In addition, Unite Discretionary Trust has also retired as a Limited Partner from USAF No. 10 Limited Partnership, USAF No. 11 Limited Partnership, USAF No. 12 Limited Partnership and Filbert Village Student Accommodation, L.P.; and

(b)  the UNITE Discretionary Trust has been released from the Tax Deed of Covenant (pursuant to Clause 17(b) of the Tax Deed of Covenant) and from the Common Documents in its capacities as Limited Partner and Subordinated Creditor, as it is no longer a Limited Partner in respect of any of the Limited Partnerships.

 

Capitalised terms used in this notice will have the meanings given to them in the offering circular dated 13 May 2016.

 

The Issuer Security Trustee and the Note Trustee have not been involved in the formulation of this Notice and are not responsible for its content. The Note Trustee has no objection to this notice being sent to all Noteholders and would encourage all Noteholders to refer to their professional and financial advisers in connection with any questions regarding the content or effect of this Notice.

 

For further information, please contact:

 

UNITE (USAF) II plc

6th Floor

65 Gresham Street EC2V 7NQ

Tel: +44 (0)20 3367 8200

Fax: +44 (0)20 3174 0246

Attention: The Directors

 

NOTHING IN THIS NOTICE CONSTITUTES AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

 

                              

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
 
 
ISEBBMATMBMBBIL