TIDM40XQ
RNS Number : 6509L
Gracechurch Card Programme Fdg PLC
16 May 2022
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW).
IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER
INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS
NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you
are recommended to seek your own financial advice immediately from
your stockbroker, bank manager, solicitor, accountant or other
financial adviser authorised under the Financial Services and
Markets Act 2000 (if you are in the United Kingdom), or from
another appropriately authorised independent financial adviser and
such other professional advice from your own professional advisors
as you deem necessary.
This Notice is addressed only to holders of the Notes (as
defined below) and persons to whom it may otherwise be lawful to
distribute it ("relevant persons"). It is directed only at relevant
persons and must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this Notice relates is available only to relevant persons and
will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this document to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT
BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR
A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY
SECURITIES OF THE ISSUING ENTITY OR ANY OTHER ENTITY IN ANY
JURISDICTION.
10230563686-v7 70-41034730
GRACECHURCH CARD PROGRAMME FUNDING PLC
1 Churchill Place London
E14 5HP
(as the "Issuing Entity") NOTICE OF AMENDMENT
to the holders of the following notes of the Issuing Entity
presently outstanding
GBP1,500,000,000 Series 15-1 Class A Floating Rate Asset-Backed
Notes, ISIN: XS1321880418 ("Class A Notes") and GBP264,706,000
Series 15-1 Class D Floating Rate Asset-Backed Notes, ISIN:
XS1321880509 ("Class D Notes") due 2023
(the "Noteholders" and the "Notes", respectively)
We refer to the note trust deed dated 29 September 2011 between
the Issuing Entity and The Bank of New York Mellon, acting through
its London branch as note trustee (as amended and restated from
time to time, the "Note Trust Deed"), including the terms and
conditions of the Notes set out at Schedule 1 thereto (the
"Conditions"), pursuant to which the Notes were constituted on the
terms and subject to the conditions contained therein.
NOTICE IS HEREBY GIVEN by the Issuing Entity to the Noteholders
in accordance with Condition 16 (Notices) that the Issuing Entity
has amended the Notes and medium term note certificate on 16 May
2022 by amending the documents specified in this notice.
The Notes
The Series 15-1 Note Trust Deed Supplement and the Series 15-1
Final Terms will be amended as prescribed below:
a) The maturity date of the Notes will be extended. The
Scheduled Redemption Date will be amended from 15 November 2023 to
15 November 2028. The Final Redemption Date will be amended from 15
November 2025 to 15 November 2030.
b) The Margin will be amended from 0.47498 per cent to 0.70 per
cent in respect of the Class A Notes and from 0.02489 per cent to
5.00 per cent in respect of the Class D Notes in the Final
Terms.
c) The Controlled Accumulation Period will be changed from 31
October 2022 through 31 October 2023 to 31 October 2027 through 31
October 2028.
The Series 15-1 medium term note certificate
The Series 15-1 MTN Supplement to the Security Trust Deed and
MTN Cash Management Agreement and the MTN Final Terms will be
amended as prescribed below:
a) The maturity date of the Notes will be extended. The
Scheduled Redemption Date will be amended from 15 November 2023 to
15 November 2028. The Final Redemption Date will be amended from 15
November 2025 to 15 November 2030.
b) The Margin will be amended from 0.40739 per cent to 1.3450 per cent.
c) The Controlled Accumulation Period will be changed from 31
October 2022 through 31 October 2023 to 31 October 2027 through 31
October 2028.
Copies of the Note Trust Deed and related documents may be
inspected in electronic or physical form during usual business
hours at the registered office of the Issuing Entity or the
Principal Paying Agent. Capitalised terms used but not otherwise
defined herein shall have the meanings given to them in the
documents specified in this notice, as applicable.
Noteholders with queries concerning the content of this Notice
are kindly requested to contact the Issuing Entity using the
details set out below:
Contact Details:
Issuing Entity: 1 Churchill Place London
E14 5HP
Facsimile: + 44 20 7398 6325 Attention:
the Directors
This Notice is given by
GRACECHURCH CARD PROGRAMME FUNDING PLC
as Issuing Entity
Dated 16 May 2022
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END
STRAFMTTMTABBTT
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