Removal of Defeasance Trigger
06 Novembre 2008 - 4:39PM
UK Regulatory
RNS Number : 6435H
Beta Finance Corporation
06 November 2008
To: RNS
London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Date: 6 November 2008
BETA FINANCE CORPORATION
Beta Finance Corporation ("Beta") has removed the credit rating trigger for Enforcement from its structure by way of an amendment to the
definition of Enforcement Event (pursuant to the terms of Beta's structural documentation).
This trigger was originally designed to put Beta into Enforcement in the event that Beta's senior debt programmes were no longer rated
investment grade.
The other Enforcement Event triggers currently in Beta's structure, including insolvency, are unaffected and remain in place.
Citibank International plc
(as Investment Manager and Group Funding Manager of Beta Finance Corporation)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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