REG - Gatwick Funding Ltd - Launching £400m offer of senior secured notes

Vinci SAAnnouncement

29/03/2021 10:25

RNS Number : 7863T
  
Gatwick Funding Limited
  
29 March 2021
  
 

Gatwick Funding Limited
29 March 2021
Issuer: Gatwick Funding Limited
Date: 29 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. SEE "IMPORTANT INFORMATION" BELOW
Gatwick Airport Finance plc
Launch of an offer of £400 million senior secured notes
Gatwick Airport Finance plc ("Gatwick Finance") announces the launch of an offer of £400 million senior secured notes (the "Notes").
The proceeds of the Notes are expected to be used by Gatwick Finance for general corporate purposes (including the downstreaming by Gatwick Finance of approximately £325 million to the Gatwick Airport operating group).
The Notes are expected to be listed on the Official List of the Financial Conduct Authority and admitted to trading on the regulated market of the London Stock Exchange.
Barclays, NatWest Markets and Santander Corporate & Investment Banking are acting as Joint Global Co-ordinators and Joint Bookrunners on the issue of the Notes and Crédit Agricole CIB, Lloyds Bank Corporate Markets and National Australia Bank Limited are acting as Passive Joint Bookrunners.
Important Information
This announcement does not contain or constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan or the United States or in any jurisdiction in which such offer or solicitation is unlawful prior to registration or qualification under the relevant securities laws of any such jurisdiction and is not intended to provide the basis for any credit or other evaluation of the securities.
The Notes may not be offered or sold in the United States (as defined in Regulation S under the Securities Act) absent registration or exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). In particular, the Notes have not been, and will not be, registered under the Securities Act, and may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly directly or indirectly within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. Unless an exemption under the relevant securities laws is applicable, the notes may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, in or into Australia, Canada, or Japan, or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, or Japan, or any other jurisdiction if to do so would breach any applicable law, or require registration thereof in such jurisdiction. No public offering of the notes is being made in the United States. In addition, any relevant securities registration or other clearances under the applicable securities laws have not been and will not be made or obtained with or from the relevant authorities in Australia, Canada, Japan or any other jurisdiction except the United Kingdom.
In the United Kingdom, this announcement is directed only at persons who are "qualified investors" within the meaning of the Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation").  In addition, in the United Kingdom this announcement is addressed to and directed only at qualified investors who (i) are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (ii) are persons who are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii) are other persons to whom they may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons").  This announcement must not be acted on or relied on in the United Kingdom by persons who are not relevant persons.  Any investment or investment activity to which this announcement relates is available only to relevant persons in the United Kingdom.  The securities referenced in this announcement are not being offered to the public in the United Kingdom.  Each recipient also represents and agrees that it has complied and will comply with all applicable provisions of the Financial Services Markets Act 2000, as amended, with respect to anything done by it in relation to any securities referenced in this announcement in, from or otherwise involving the United Kingdom.
In member states of the EEA, this announcement is directed only at persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129.  This announcement must not be acted on or relied on in any member state of the EEA by persons who are not qualified investors.  Any investment or investment activity to which this announcement relates is available only to qualified investors in any member state of the EEA.
This announcement is an advertisement.   A final form prospectus will be prepared and made available to the public in accordance with the UK Prospectus Regulation. The final form prospectus, when published, will be available at www.londonstockexchange.com/news.
A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation.
About Gatwick Airport
Gatwick is the UK's second largest airport and flies a range of both short and long-haul point-to-point services.  The airport is a vital piece of the UK's national infrastructure and is also a major driver for both the regional and national economies.
In 2019, a new long-term partnership was formed with VINCI Airports who purchased a 50.01% stake in the airport. This partnership saw Gatwick Airport integrated into the network of VINCI Airports, the leading private airport operator in the world, which manages 45 airports in 12 countries in Europe, Asia and the Americas. VINCI Airports harnesses its expertise as a comprehensive integrator to develop, finance, build and operate airports, while leveraging its investment capability and expertise in optimising operational performance, modernising infrastructure and driving environmental transition. VINCI Airports became the first airport operator to start rolling out an international environmental strategy, in 2016, with a view to achieving net zero emissions throughout its network by 2050.
Global Infrastructure Partners (GIP), which manages the remaining 49.99% interest in Gatwick, is an independent infrastructure investor that makes equity investments in high quality infrastructure assets in the energy, transport and water/waste sectors. GIP has US$70 billion of Assets under Management. Its 41 portfolio companies operate in over 50 countries.
For more information on VINCI Airports please visit www.vinci-airports.com and for more information on GIP please visit http://global-infra.com 
 

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