Sky PLC GMTN Accession of Guarantor (0792R)
06 December 2016 - 8:02PM
UK Regulatory
TIDMSKY
RNS Number : 0792R
Sky PLC
06 December 2016
IMPORTANT NOTICE TO NOTEHOLDERS
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL
ADVISERS IMMEDIATELY.
EUR500,000,000 2.250 per cent. guaranteed notes due 2025 (ISIN:
XS1321424670) (the "Notes")
issued by Sky plc and guaranteed by, amongst others, Sky Group
Finance plc under the GBP5,000,000,000 Guaranteed Global Medium
Term Note Programme (the "Programme")
This notice is delivered to you in respect of the Notes
constituted by the Trust Deed dated 5 June 2015, as amended,
supplemented and/or restated from time to time (the "Trust Deed")
and made between, amongst others, Sky Group Finance plc ("Sky
Finance") and Sky plc ("Sky") as issuers, Sky Finance, Sky, Sky UK
Limited, Sky Telecommunications Services Limited and Sky
Subscribers Services Limited (together, the "Initial Guarantors")
and BNY Mellon Corporate Trustee Services Limited (the "Trustee").
Sky In-Home Service Limited ("SHS", and together with the Initial
Guarantors, the "Original Guarantors") has previously acceded to
the Trust Deed and the Notes as an additional guarantor. All words
and expressions defined in the Trust Deed shall (save as otherwise
provided herein or unless the context otherwise requires) have the
same meanings herein.
In accordance with the provisions of the Trust Deed, SHS has
been fully and unconditionally released from all obligations under
its guarantee of Indebtedness for money borrowed in excess of
GBP50,000,000 and, accordingly, SHS is deemed to be released from
all obligations under its guarantee of the outstanding Notes (the
"Release").
In addition, as a result of Sky CP Limited ("Sky CP")
guaranteeing other Indebtedness for money borrowed in excess of
GBP50,000,000, Sky has procured, in accordance with the provisions
of the Trust Deed, the accession of Sky CP as a guarantor in
respect of the Notes (the "Accession").
To record the Release and effect the Accession, the relevant
parties have entered into a second supplemental trust deed (the
"Second Supplemental Trust Deed") dated 5 December 2016 to the
Trust Deed and entered into a second supplemental agency agreement
(the "Second Supplemental Agency Agreement") dated 5 December 2016
to the Agency Agreement dated 5 June 2015 (as amended, supplemented
and/or restated from time to time) originally entered into between,
amongst others, Sky, Sky Finance, the Trustee and The Bank of New
York Mellon, acting through its London branch.
Copies of the Second Supplemental Trust Deed and the Second
Supplemental Agency Agreement are available for inspection at the
office of Sky and each of the Paying Agents.
Dated: 6 December 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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