TIDM93SY
RNS Number : 7921I
NewDay Funding 2019-1 PLC
20 April 2022
Notice to noteholders
NewDay Funding 2019-1 PLC
20 April 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 FUNDING 2019-1 PLC
1 Bartholomew Lane
London EC2N 2AX
Registered number 11827115
(the " Issuer ")
RNS ANNOUNCEMENT IN RESPECT OF CERTAIN REDEMPTION AND RESERVE
MATTERS
to current holders of the following notes of the Issuer
presently outstanding
GBP149,700,000 Class A Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001273668 / Rule 144A ISIN: XS2001273825 )
GBP23,100,000 Class B Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001274559 / Rule 144A ISIN: XS2001274989 )
GBP33,900,000 Class C Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001274393 / Rule 144A ISIN: XS2001274476 )
GBP42,300,000 Class D Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001275101 / Rule 144A ISIN: XS2001275440 )
GBP23,700,000 Class E Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001275879 / Rule 144A ISIN: XS2001275952 )
GBP12,300,000 Class F Asset Backed Floating Rate Notes due
2027
(Reg S ISIN: XS2001276257 / Rule 144A ISIN: XS2001276414 )
(the " Notes ")
On 20 April 2022, (i) the Series 2022-1 Notes were issued by
NewDay Funding Master Issuer Plc and were designated as a
Replacement Series in respect of the Notes and (ii) certain
amendments were made such that, subject to an amount equal to the
Series 2019-1 Investor Interest standing to the credit of the
Series 2019-1 Principal Funding Ledger, the Scheduled Redemption
Date in respect of the Class F Loan Note and the Class F Notes
shall fall on 20 April 2022.
Part of the proceeds of the Series 2022-1 Notes in an amount
equal to GBP285,000,000 (which is also equal to the Series 2019-1
Series Investor Interest) will be paid to the Receivables Trustee
and credited to the Series 2019-1 Principal Funding Ledger. Upon
the Receivables Trustee's receipt of those proceeds, Series 2019-1
will be fully pre-funded ahead of its Scheduled Redemption Date
falling on the Interest Payment Date falling in June 2022 and, as
such, the Class F Loan Note and the Class F Notes shall be redeemed
in full on 20 April 2022.
As a result of such pre-funding and following a Rating
Confirmation, the Required Liquidity Reserve Amount for Series
2019-1 has been reduced to zero and the Series 2019-1 Originator
VFN Subordination has been reduced to zero. At closing of the issue
of the Series 2022-1 Notes, GBP850,000 shall be credited to the
Series 2019-1 Accumulation Reserve Ledger to fund monthly waterfall
payments for Class B, Class C, Class D and Class E for each
Transfer Date prior to the Scheduled Redemption Date for Series
2019-1.
Capitalised terms used, but not defined, in this Notice have the
meanings given to them in the prospectus dated 7 June 2019.
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 FUNDING 2019-1 PLC
as Issuer
Dated 20 April 2022
LEI: 213800M48PYFAQSGFY49
END
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END
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