REG - Sandwell Comm FinNo2 - Notice to Noteholders

M&t BankAnnouncement

22/03/2023 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230322:nRSV9023Ta&default-theme=true

RNS Number : 9023T  Sandwell Commercial Finance No2 PLC  22 March 2023

Sandwell Commercial Finance No.2 Plc Notice to Noteholders

NOTICE TO THE HOLDERS OF THE OUTSTANDING:

£17,150,000 Class C Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229030712; Common Code: 022903071),

£21,700,000 Class D Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229031017; Common Code: 022903101),

£14,000,000 Class E Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229031280; Common Code: 022903128),

(together, the "Notes")

of

Sandwell Commercial Finance No. 2 PLC

(the "Issuer")

In light of the announcement by the FCA that 3-month synthetic sterling LIBOR
will cease permanently at the end of March 2024, the Issuer has requested the
Servicer to seek to engage with the holders of the Notes to canvas opinion on
the potential options for the remaining LIBOR exposures. Such discussions will
not bind the Issuer or holders of the Notes.

Noteholders are requested to disclose their identity and provide proof of
holding to the Servicer or the Issuer as soon as possible in order to
participate in discussions. Noteholders are encouraged to take their own
advice as to the potential implications of the cessation of LIBOR.

The Issuer reserves the right to take any necessary action if resolution
cannot be achieved by way of Noteholder discussions.

Noteholders seeking further information should contact the Servicer at:

 _StructuredFinance@westbrom.co.uk

DISCLAIMER

Nothing in this announcement constitutes or should be construed as
constituting an offer of securities issued by the Issuer ("Securities"), an
offer to purchase any Securities or an offer to modify the terms and
conditions of any Securities.

This Notice is given by:

Sandwell Commercial Finance No. 2 Plc

Wilmington Trust SP Services (London) Ltd

Third Floor, Kings Arms Yard

London EC2R 7AF

Dated 23 March 2023

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUUVOROBUOUAR