REG - WHG Treasury PLC - Amendment to Loan Agreement dated 6 October 2014

M&GAnnouncement

17/07/2025 16:00

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RNS Number : 5434R  WHG Treasury PLC  17 July 2025

 

whg Treasury PLC

17 July 2025

Amendments to the Loan Agreement dated 6 October 2014 and made between whg
Treasury PLC (as Lender), Walsall Housing Group Limited (as Borrower) and
M&G Trustee Company Limited (as Security Trustee) (the Original Loan
Agreement) relating to the £250,000,000 4.25 per cent. Secured Bonds due 2045
(the Bonds) of whg Treasury PLC (the Issuer)

whg Treasury PLC (as Lender), Walsall Housing Group Limited (as Borrower) and
M&G Trustee Company Limited (as Security Trustee) have today entered into
a supplemental loan agreement which is supplemental to, and shall be read
together with, the Original Loan Agreement (the Supplemental Loan Agreement).

The Supplemental Loan Agreement amends, in accordance with clause 14.5.2 of
the Original Loan Agreement, certain definitions relevant to the Interest
Cover Test.  The amendments are made due to changes in reporting standards
which affected the calculations of the Interest Cover Test.  In agreeing the
amendments required, the Lender received a certificate from an auditor
certifying that, in their opinion, the ratios contained in the Interest Cover
Test after such amendments will have substantially the same effect as the
ratios prior to the amendment and prior to the changes in reporting standards.

 

For further information, please contact:

Sangita Surridge

whg Treasury PLC

100 Hatherton Street

Walsall

West Midlands, WS1 1AB

 

E-mail:  sangita.surridge@whgrp.co.uk (mailto:sangita.surridge@whgrp.co.uk)

 

 

 

 

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