Heathrow Interest Step-Up Termination Notice (6365X)
30 Agosto 2022 - 4:27PM
UK Regulatory
TIDM10FX TIDM88BX
RNS Number : 6365X
Heathrow
30 August 2022
Heathrow Finance plc
(incorporated with limited liability under the laws of England
and Wales)
(formerly BAA (SH) plc)
announces interest rate step-up
in respect of its Notes
30 August 2022 . Heathrow Finance plc (the Issuer) announces
today to all noteholders of the outstanding notes listed in the
table below (the "Notes") that an Interest Step-Up Termination
Trigger Date has occurred on the Waiver Period End Date on 1 July
2022.
Outstanding
Description of the Notes ISIN principal amount Trust Deed
----------------------------------------- ------------- ------------------ ----------------------------------------
GBP300M 4.75% Senior Secured Notes due XS1904681944 GBP300,000,000 7 November 2018 (as supplemented 8 July
2024 2020 and 10 August 2021)
GBP250M 5.75% Senior Secured Notes due XS1120937617 GBP250,000,000 16 October 2014 (as supplemented 28
2025 February 2019, 8 July 2020 and 10
August 2021)
GBP275M 3.875% Senior Secured Notes due XS1622694617 GBP275,000,000 8 June 2017 (as supplemented 28
2027 February 2019, 8 July 2020 and 10
August 2021)
GBP300M 4.125% Senior Secured Notes due XS2081020872 GBP300,000,000 19 November 2019 (as supplemented 8
2029 July 2020 and 10 August 2021)
----------------------------------------- ------------- ------------------ ----------------------------------------
Capitalised terms used but not defined herein shall have the
meaning given to them in applicable the Trust Deed made between,
amongst others, the Issuer and Deutsche Trustee Company Limited
(each a Trust Deed), in each case, as supplemented or amended from
time to time.
Pursuant to the terms of each Trust Deed, the Issuer hereby
gives notice to the Noteholders pursuant to sub-paragraph (g) of
Condition 6 (Interest) of Schedule 3 (Terms and Conditions of the
Notes in Definitive Form) of each the Trust Deed that:
a) a Rating Event Termination Trigger Date constituting an
Interest Step-Up Termination Trigger Date had occurred on 1 July
2022;
b) following the cessation of the Rating Event Interest Step-Up,
the revised interest rate applicable to the relevant Class of Note
shall be as follows; and
Outstanding
ISIN principal amount Revised interest rate
-------------- ------------------- ----------------------
XS1904681944 GBP300,000,000 4.750%
XS1120937617 GBP250,000,000 5.750%
XS1622694617 GBP275,000,000 3.875%
XS2081020872 GBP300,000,000 4.125%
-------------- ------------------- ----------------------
c) the first day of the Interest Period from which such revised
rates shall accrue shall be 1 September 2022.
For further information, please contact
Timothy Allen, Head of Debt Investor Relations +44 (0)7568
604873
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END
MSCFLFFSTEIIVIF
(END) Dow Jones Newswires
August 30, 2022 10:27 ET (14:27 GMT)
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