Business
Senior Secured Fixed Rate Notes due 2022
Senior Secured Fixed Rate Notes due 2022.
About this update from Drax Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5816E\n Drax Group PLC\n 06 November 2020\n \n \n \n \n 6 November 2020\n \n \n \n \n \n \n \n \n DRAX GROUP PLC\n \n \n (LSE: DRX)\n \n \n \n \n \n Drax Group plc made the below announcement on the Luxembourg Stock Exchange in respect of Drax Finco plc's £350,000,000 41/4 % Senior Secured Notes due 2022\n \n \n \n \n \n ***************\n \n \n \n \n \n Senior Secured Fixed Rate Notes due 2022\n \n \n ISIN Numbers: XS1602280833* (Rule 144A1) and XS1602280676* (Regulation S2)\n \n \n Common Codes: 160228083* (Rule 144A1) and 160228067* (Regulation S2)\n \n \n \n \n \n On 6 November 2020, Drax Group plc's (\"Drax\") indirect wholly owned subsidiary, Drax Finco plc (the \"Company\"), a public limited company incorporated under the laws of England and Wales and listed on the Luxembourg Stock Exchange, gave notice that, in accordance with Sections 3.03 and 13.01 of the indenture dated as of 5 May 2017 (as heretofore amended, supplemented or otherwise modified, the \"Indenture\") among the Company, BNY Mellon Corporate Trustee Services Limited, as trustee (the \"Trustee\"), The Bank of New York Mellon, acting through its London Branch, as paying agent (the \"Paying Agent\") and calculation agent, The Bank of New York Mellon SA/NV, acting through its Luxembourg Branch, as registrar and transfer agent, and Deutsche Bank AG, London Branch, acting through its London Branch, as security agent, the Company has elected to redeem (subject to satisfaction or waiver of the condition described below) (the \"Redemption\") all of its outstanding £350,000,000 Senior Secured Fixed Rate Notes due 2022 (the \"Fixed Rate Notes\") on the Redemption Date (as defined below). The Redemption Price (as defined below) will be paid to holders of record as of the Record Date (as defined below). Capitalized terms used but not otherwise defined herein have the meanings ascribed to such terms in the Indenture. \n \n \n 1. The redemption date for the Fixed Rate Notes shall be 19 November 2020 (the \"Redemption Date\"). The record date (the \"Record Date\") shall be 18 November 2020. \n \n \n \n \n \n 2. \n The redemption price payment will be made in accordance with paragraph 5 (Optional Redemption) of the Fixed Rate...