Business
Notice of the Substitution of Issuer
Notice of the Substitution of Issuer.
About this update from Standard Life Plc
[{"type":"text","content":"\n \nRNS Number : 8777Z Phoenix Group Holdings 20 March 2017 \n\nPhoenix Group Holdings\nNotice of the Substitution of Phoenix Group Holdings (\"PGH\") in place of PGH Capital Public Limited Company (\"PGHC\") as issuer of Outstanding Securities \nNotice is hereby given to the holders of the: \n· £300,000,000 5.75 per cent. Guaranteed Bonds due 2021; \n· £428,113,000 6.625 per cent. Guaranteed Subordinated Notes due 2025; and\n· £300,000,000 4.125 per cent. Tier 3 Notes due 2022 issued pursuant to PGHC's £3,000,000,000 Euro Medium Term Note Programme (the \"Tier 3 Notes\"),\neach issued by PGHC and guaranteed on a senior or subordinated basis by PGH (together, the \"Outstanding Securities\"), that with effect from 20 March 2017 PGH will be substituted in place of PGHC as the principal debtor under, and issuer of, the Outstanding Securities. \nWith effect from 20 March 2017, PGH will be the borrower in respect of all outstanding loans under the Phoenix Group's £900 million revolving credit facilities agreement, and PGHC will not have any outstanding loans under the facilities agreement.\nCopies of the amended and restated terms and conditions of the Outstanding Securities (and the amended and restated Final Terms for the Tier 3 Notes) are available via the links below:\nhttp://www.rns-pdf.londonstockexchange.com/rns/8777Z_1-2017-3-19.pdf\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/8777Z_2-2017-3-19.pdf\nhttp://www.rns-pdf.londonstockexchange.com/rns/8777Z_3-2017-3-19.pdf\nhttp://www.rns-pdf.londonstockexchange.com/rns/8777Z_4-2017-3-19.pdf\nFor further information, please contact:\nRashmin Shah, Group Treasurer, Phoenix Group \nTelephone: +44 (0) 20 3735 0059\nEmail: [email protected]\nWebsite: www.thephoenixgroup.com\n \n \nThis notice does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for or otherwise acquire any securities. \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRSFAFAUFWSEDD\n ","length":3792,"tagName":"div"}]