ABP Finance Plc: Financing Update - £70m Floating Rate Notes due 2033, £80m Term Loans due 2029
April 24, 2013
ABP Finance Plc announces that it has today issued £70,000,000 in unlisted floating rates notes with a maturity of twenty years (ISIN: XS0918617639).
The notes rank pari passu with ABP Finance Plc's existing 6.25% Fixed Rate Senior Secured Notes due 2026 (ISIN: XS0718981995) and floating rate notes due 2022 (ISIN:XS0868891614).
In due course, the Notes will be listed under the £5,000,000,000 Multicurrency Note Issue Programme.
ABP Acquisitions UK Limited has also signed £80,000,000 of 16 year term loan facilities with a UK pension fund and an overseas export credit agency.
The proceeds of the notes will be on-lent within the ABPAH Group and used in conjunction with the proceeds of the new term loans to repay an equivalent amount of ABP Acquisitions UK Limited's existing bank term facilities maturing in December 2014.