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BL Superstores Fin. (49JD)

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Monday 02 December, 2019

BL Superstores Fin.

Notice of redemption of B3 Bonds

RNS Number : 4061V
BL Superstores Finance PLC
02 December 2019
 

COMPANY ANNOUNCEMENT

For Immediate Release

 

 

BL SUPERSTORES FINANCE PLC

(the Issuer)

(incorporated as a Public Limited Company in England and Wales with registered number 05564432)

 

Class B3 5.578 per cent. Bonds due 2030 (ISIN: XS0245004972) (Class B3 Bonds)

 

 

NOTICE OF FULL REDEMPTION OF

CLASS B3 BONDS

The Borrower has given notice to the Issuer under the Intercompany Loan Agreement of its intention to prepay the Term B3 Loan in full on the Interest Payment Date which falls in January 2020. 

 

In accordance with Condition 6.3 of the Bonds, the Issuer has become obliged to redeem the Class B3 Bonds in full on such Interest Payment Date. 

 

Accordingly NOTICE IS HEREBY GIVEN by the Issuer that, in accordance with Condition 6.3 of the Class B3 Bonds, £5,915,770.00 in principal amount of the Class B3 Bonds will be redeemed by the Issuer on the Interest Payment Date falling in January 2020 at an amount equal to the whole of the £6,036.50 Principal Amount Outstanding per Class B3 Bond (originally £50,000) being so redeemed multiplied by the Redemption Percentage calculated in accordance with Condition 6.3 (such amount being equal to £7,684.71 per Class B3 Bond, comprising £6,036.50 principal and £1,648.21 premium).

 

This amount will be accompanied by the payment of interest on the Class B3 Bonds which falls due on such date. 

 

Upon such payments being made all Bonds originally issued by the Issuer will have been redeemed in full and no such Bonds will remain outstanding.

 

Should you have any questions regarding this notice you may contact the Principal Paying Agent as follows:

 

PRINCIPAL PAYING AGENT

 

The Bank of New York Mellon
One Canada Square
Canary Wharf
London E14 5AL

 

 

 

This notice is given by the Issuer

 

Dated 2 December 2019


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