CAF 2021 Loan Agreement

RCB Bonds PLC

29 January 2024

 

Charities Aid Foundation: amendment of loan agreement

RCB Bonds PLC (the "Issuer") announces that the following amendment has been made to the loan agreement with Charities Aid Foundation ("CAF") dated 8 December 2021, which is assigned as security for the Issuer's 3.5% bonds due 2031.

Clause 8.5 has been deleted in its entirety and replaced with "The Charity shall (i) until such time as the Lender's 5.00 per cent. Bonds due 12 April 2026 secured on a loan to the Charity have been repaid in full, supply to the Lender an annual statement of social impact on the same date that it supplies an annual statement of social impact pursuant to the loan agreement dated 12 April 2016 between the Charity and the Lender, as modified and/or supplemented and/or restated from time to time; and (ii) thereafter it shall supply to the Lender an annual statement of social impact at the same time as it supplies its audited annual report and accounts to the lender pursuant to Clause 8.1(a) (Financial statements), such annual statement of social impact being, in each case, in such form as may be separately agreed between the Charity and the Lender (each acting reasonably)".

The amendment was made with the consent of M&G Trustee Company Limited in accordance with clause 20 (Modification) of the Master Trust Deed dated 26 June 2014.

 

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