RCS - Together Fin. Svc. - Together prices 2nd successful RMBS within 3months

Mitsubishi UFJ FinancialAnnouncement

07/09/2023 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230907:nRSG6278La&default-theme=true

RNS Number : 6278L  Together Financial Services Limited  07 September 2023

Together prices second successful RMBS within three months

7 September 2023

Together Financial Services Limited ("Together" or the "Group"), one of the
UK's leading non-bank relationship lenders, announces the successful pricing
of its £443 million 1st charge only residential mortgage backed
securitisation ("RMBS"), Together Asset Backed Securitisation 2023 - 1ST2 PLC
RMBS ("TABS9").

Highlights

·    £443m 1(st) charge only RMBS

·    1.48% weighted average cost of placed notes

-     94.65% advance rate

·    90% of issued notes expected to be rated AAA(sf) by Fitch, AAA(sf) by
S&P and AAA(sf) by KBRA

Gerald Grimes, Group CEO Designate of Together commented: "We are delighted to
announce the successful pricing of our second RMBS this year, which will help
us to support more residential owner occupier and buy-to-let customers in
realising their ambitions."

Gary Beckett, Group Managing Director and Chief Treasury Officer at Together,
added: "Over the last 12 months we have successfully added almost £1.5bn in
funding to support our growth ambitions, highlighting the strength of our
business model, quality of our loan book and strong ongoing support from our
investors."

TABS9 is supported by a portfolio of 1st charge owner-occupied and buy-to-let
residential mortgages, secured against properties in England, Wales and
Scotland, and refinances assets forming part of the Group's AA rated £1.25
billion Charles Street facility ("CABS") and the Group's senior secured notes.
The new facility complements the Group's existing six public residential and
three commercial real estate MBS, six private securitisation facilities,
senior secured notes and banking syndicate facility (RCF).

Lloyds acted as Arranger and Joint Lead Manager accompanied by Barclays, MUFG
and Wells Fargo as Joint Lead Managers.

For further enquires please contact:

Together

 Mike Davies, Director of Corporate Affairs  + 44 7753 138185

                                             mike.davies@togethermoney.com
 Camarco (Financial PR)

 Ben Woodford

                                             +44 2037818333

                                             ben.woodford@camarco.co.uk (mailto:ben.woodford@camarco.co.uk)

 Eddie Livingstone-Learmonth

                                             +44 2037574993

                                             Edward.Livingstone-Learmonth@camarco.co.uk
                                             (mailto:Edward.Livingstone-Learmonth@camarco.co.uk)

Together is the trading name of Together Financial Services Limited, which has
its registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8
3GW.

Ends

Further information about TABS8

TABS9 is a special purpose securitisation vehicle which will acquire the
beneficial ownership to a portfolio of mortgage loans secured against
residential properties in England, Wales and Scotland on the closing date. The
notes issued by TABS9 will mature on the interest payment date falling in
April 2065, with the optional redemption date on the interest payment date
falling in September 2027, after which the margin on the rated notes (other
than the class X note) issued by TABS9 is set to increase. The mortgage loans
will be sold to TABS9 by Together Personal Finance Limited and Together
Commercial Finance Limited (as applicable). Certain of those mortgage loans
will be repurchased by Together Personal Finance Limited and Together
Commercial Finance Limited from the CABS facility prior to being on-sold to
TABS9 on the closing day. The outstanding principal balance of the mortgage
loans sold to TABS9 is £443 million.

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/) .

This announcement may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of any of the transaction
parties about future events and financial performance. The use of any of the
words "expect," "anticipate," "continue," "will," "project," "should,"
"believe," "plans," "intends" and similar expressions are intended to identify
forward-looking information or statements. Although Together believes that the
expectations and assumptions on which such forward-looking statements and
information are reasonable, undue reliance should not be placed on the
forward-looking statements and information because Together can give no
assurance that such statements and information will prove to be correct. Since
forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and
uncertainties.

The forward-looking statements and information contained in this announcement
are made as of the date hereof and Together undertakes no obligation to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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  NRAUPUAUBUPWGMQ