TIDMBG30
RNS Number : 1744U
NewDay Funding Master Issuer PLC
21 November 2023
Notice to noteholders
RNS Number: 1744U
NewDay Funding Master Issuer plc
21 November 2023
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 MASTER ISSUER 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
GBP100,000,000 Class A1 Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296139798 / Rule 144A ISIN: XS2296140614 )
$135,000,000 Class A2 Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296139871 / Rule 144A ISIN: US65120LAA98 )
GBP30,400,000 Class B Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296139954 / Rule 144A ISIN: XS2296140705 )
GBP45,200,000 Class C Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296140028 / Rule 144A ISIN: XS2296140960 )
GBP56,400,000 Class D Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296140291 / Rule 144A ISIN: XS2296140887 )
GBP31,600,000 Class E Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296140374 / Rule 144A ISIN: XS2296141000 )
GBP17,600,000 Class F Asset Backed Floating Rate Notes due
2024
(Reg S ISIN: XS2296140457 / Rule 144A ISIN: XS2296141182 )
(the " Notes ")
On 21 November 2023, (i) the Series 2023-1 Notes were issued by
NewDay Funding Master Issuer plc and were designated as a
Replacement Series in respect of the Notes, and (ii) the Series
2021-1 Supplement (which relates to the Series of which the Notes
form part) was amended to allow certain amounts used to cash
collateralise the Notes to be allocated to each Class or Sub-Class
of Notes on a pro rata basis (rather than in order of
seniority).
Part of the proceeds of the Series 2023-1 Notes in an amount
equal to GBP208,325,562.57 will be paid to the Receivables Trustee
and credited to the Series 2021-1 Principal Funding Ledger and (as
a result of the amendments referred to above) allocated to each
Class or Sub-Class of Series 2021-1 on a pro rata basis. Upon the
Receivables Trustee's receipt of those proceeds, Series 2021-1 will
be partially pre-funded ahead of its Scheduled Redemption Date
(which falls on the Interest Payment Date falling in March 2024)
and, in accordance with condition 9(g) ( Optional Repurchase of
Retained Notes ) of the Notes, the Class F Notes, which are
Retained Notes, will be partially redeemed, in an amount equal to
the amount of the funds in the Series 2021-1 Principal Funding
Ledger proportionally allocated to Class F (GBP10,117,000), on 21
November 2023. The more senior Classes or Sub-Classes of Notes will
remain supported by a combination of the outstanding amount of the
Class F Notes and the cash in the Series 2021-1 Principal Funding
Ledger allocated to such Classes or Sub-Classes and the remaining
outstanding amount of the Series 2021-1 Originator VFN
Subordination.
As a result of such partial pre-funding, the Required Liquidity
Reserve Amount for Series 2021-1 has been proportionally reduced to
GBP2,253,296.13, the Series 2021-1 Originator VFN Subordination has
been proportionally reduced to GBP8,503,023.27 and the Required
Accumulation Reserve Amount has (until such time as the Servicer
determines otherwise, including as a result of further amounts
being credited to the Series 2021-1 Principal Funding Ledger) been
set at GBP1,500,000.
A Rating Confirmation has been received in relation to the
issuance of the Series 2023-1 Notes (in connection with which, the
Rating Agencies have been notified of the above matters).
Capitalised terms used, but not defined, in this Notice have the
meanings given to them in the prospectus dated 2 December 2020 as
supplemented on 21 January 2021.
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 MASTER ISSUER PLC
as Issuer
Dated 21 November 2023
LEI: 213800GBPRAJHSB5YK19
END
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRBBBJTMTTTBMJ
(END) Dow Jones Newswires
November 21, 2023 08:24 ET (13:24 GMT)
Newday Fmi 26 A (LSE:BG30)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Newday Fmi 26 A (LSE:BG30)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
