PEEL CHAPEL NO. 1 LIMITED ANNOUNCES EUROBOND AMENDMENT

Date1-Oct-2015

Peel Chapel No.1 Limited

 

(the "Company")

 

Eurobond Issue

 

30 September 2015

 

 

On 18 December 2013 (the "Initial Listing Date"), the Cayman Islands Stock Exchange admitted to listing the following loan notes issued and/or to be issued by the Company:

 

-          up to GBP 75,000,000 Senior Floating Rate Redeemable Loan Notes due 2023 (the "Senior Loan Notes");

-          up to GBP 31,000,000 Junior Floating Rate Redeemable Loan Notes due 2023 (the "Junior Loan Notes")

-          up to GBP 75,000,000 Senior Redeemable Payment-in-Kind Notes due 2023 (the "Senior PIK Notes");

-          up to GBP 75,000,000 Senior Redeemable Payment-in-Kind Notes due 2023 (the "Junior PIK Notes"). 

 

At the Initial Listing Date, there were £75,000,000 Senior Notes and £31,000,000 Junior Notes in issue. 

 

On 30 September 2014, the instrument (the "Senior Instrument") relating to the Senior Loan Notes and the Senior PIK Notes (together, the "Senior Notes") was amended, in accordance with the terms of the Senior Instrument, to increase the aggregate maximum nominal amount of each of the Senior Loan Notes and the Senior PIK Notes from GBP 75,000,000 to GBP 90,000,000. 

 

On 6 July 2015, the Senior Instrument was further amended, in accordance with the terms of the Senior Instrument, to further increase the aggregate maximum nominal amount of each of the Senior Loan Notes and the Senior PIK Notes from GBP 90,000,000 to GBP 120,000,000.

 

Prior to the date of this announcement, there were £90,000,000 Senior Loan Notes and £31,000,000 Junior Loan Notes in issue and no Senior PIK Notes or Junior PIK Notes in issue.  The Company now announces that, at the date of this announcement, the Company has issued £7,222,699 Senior Loan Notes, £985,660 Senior PIK Notes and £864,977 Junior PIK Notes. 

 

Accordingly, there are £97,222,699 Senior Loan Notes, £31,000,000 Junior Loan Notes, £985,660 Senior PIK Notes and £864,977 Junior PIK Notes in issue.