TIDM91RC
RNS Number : 1956J
NewDay Partnership Funding 2017-1
09 December 2022
Notice to noteholders
NewDay Partnership Funding 2017-1 PLC
8 December 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 advisers
as you deem necessary.
This Notice is addressed only to current 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 ISSUER OR ANY OTHER ENTITY IN ANY
JURISDICTION.
NEWDAY PARTNERSHIP FUNDING 2017-1 PLC
1 Bartholomew Lane
London EC2N 2AX
Registered number 10900055
(the " Issuer ")
RNS ANNOUNCEMENT IN RESPECT OF CERTAIN REDEMPTION AND RESERVE
MATTERS
to current holders of the following notes of the Issuer
presently outstanding
GBP222,300,000 Class A Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674677767 )
GBP29,400,000 Class B Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674678492 )
GBP22,200,000 Class C Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674678575 )
GBP11,100,000 Class D Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674678732 )
GBP8,700,000 Class E Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674678815 )
GBP4,800,000 Class F Asset Backed Floating Rate Notes due
2027
(ISIN: XS1674678906 )
(the " Notes ")
On 8 December 2022, certain amendments were made such that,
subject to an amount equal to the Series 2017-1 Investor Interest
standing to the credit of the Series 2017-1 Principal Funding
Ledger, the Scheduled Redemption Date in respect of the Class F
Loan Note and the Class F Notes shall fall on 8 December 2022.
The redemption of the Notes will be funded by drawings under the
existing committed senior variable funding loan notes issued by
NewDay Partnership Loan Note Issuer Ltd, drawings under the
originator variable funding loan note issued by NewDay Partnership
Loan Note Issuer Ltd (the latter drawings being funded by the
NewDay group's corporate cash) and Cash Available for
Investment.
Part of the proceeds of such drawings, together with Cash
Available for Investment, in a total amount equal to the Series
2017-1 Series Investor Interest, will be paid to the Receivables
Trustee and credited to the Series 2017-1 Principal Funding Ledger.
Upon the Receivables Trustee's receipt of such amount, Series
2017-1 will be fully pre-funded ahead of its Scheduled Redemption
Date falling on the Interest Payment Date falling in December 2022
and, as such, the Class F Loan Note and the Class F Notes shall be
redeemed in full on 8 December 2022.
As a result of such pre-funding and following a Rating
Confirmation, the Required Liquidity Reserve Amount for Series
2017-1 has been reduced to zero and the Series 2017-1 Originator
VFN Subordination has been reduced to zero.
Capitalised terms used, but not defined, in this Notice have the
meanings given to them in the prospectus dated 10 October 2017.
Should any Noteholder have any queries in relation to this
Notice, such Noteholder should contact the Issuer using the below
contact details.
Contact Details:
Issuer: 1 Bartholomew Lane
London EC2N 2AX
Email: directors-uk@intertrustgroup.com
Attention: The Directors
This Notice is given by
NEWDAY PARTNERSHIP FUNDING 2017-1 PLC
as Issuer
Dated 8 December 2022
LEI: 2138003OW92Y9CL7JF85
END
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END
STRUKVBRUOUURRA
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