RCS - Lamington Road DAC - Supplemental Notice to Noteholders

US BancorpAnnouncement

03/01/2024 18:45

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RNS Number : 5741Y  Lamington Road DAC  03 January 2024

Company Name:                      Lamington Road DAC (the
"Issuer")

Headline:
Supplemental Notice to Noteholders

 

 

SERIES A NOTES DUE 2121

(the "Series A Notes")(USG5364FAA69)

 

SERIES B NOTES DUE 2121

(the "Series B Notes")(USG5364FAB43)

 

PROFIT PARTICIPATING NOTES DUE 2121

(the "PPNs")(USG5364FAC26)

(the Series A Notes, Series B Notes, and PPNs, collectively, the "Notes")

 

The Notes are admitted to and trading on the Vienna MTF, a multilateral
trading facility operated by Wiener Börse AG.

 

This announcement may contain inside information and is made by the Issuer,
pursuant to Regulation (EU) No. 596/2014 (the Market Abuse Regulation) and
Regulation (EU) 2016/1055 (the Implementing Technical Standards) relating
thereto.

 

Reference is made to that certain Indenture, dated as of April 7, 2021, as
amended by that certain First Amendment to Indenture, dated as of July 18,
2023 (as further amended, supplemented, or otherwise modified from time to
time, the "Indenture"), between the Issuer, and U.S. Bank Trust Company,
National Association (as successor to U.S. Bank National Association), as
Trustee. Except as otherwise defined herein, capitalized terms used but not
defined in this announcement have the respective meanings assigned to such
terms in the Indenture.

 

Notice is hereby given as follows:

a)   With respect to the Series A Notes, the Issuer has paid the interest
payable for the 6-month period ending December 31, 2023 in a combination of
Cash Interest, in the amount of  $1,603,306, and PIK Interest, in the amount
of $1,638,477.

b)   With respect to the Series B Notes, the Issuer has paid the interest
payable for the 6-month period ending December 31, 2023 entirely in PIK
Interest, in the amount of $2,839,556.

c)   With respect to the PPNs, in accordance with Section 2.14 of the
Indenture and following the application of Available Funds as set forth in the
Payment Priority Waterfall contained in Section 4.03 of the Indenture, no
Available Funds were available to make any payments that may be required by
Section 2.14 of the Indenture.

Additionally, as of December 15, 2023, the cash balance of the Company was
approximately $4,877,410, and the Company's Minimum Cash Balance was
$3,000,000.

 

More information regarding the above is available on the Company's website
(https://lamington.ie).

 

Investors and perspective investors of the Company's Notes are notified that
the Company will continue to use its website to disclose information about the
Company, including, among other items, interim and annual financial reports,
Board communications, tax-related matters, and announcements regarding
distributions, notes, and payments to Noteholders. Investors and other
interested persons should monitor this website for the release of information,
which may be material.

 

Although Lamington cannot provide assurance that it will be able to timely
notify interested parties of postings to this website, persons wishing to
receive notifications when new postings are made to the website should contact
Lamington's Investor Relations: Rob Fink at 646-809-4048 or
Lamington@fnkir.com.

 

The Issuer accepts responsibility for the information contained in this
notice.

This notice is given by:

Lamington Road DAC

1st Floor, 1-2 Victoria Buildings

Haddington Road

Dublin 4

Ireland

 

Contact: Patrick Brennan, Director

 

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