9th Feb 2005 11:27
British Land Co PLC09 February 2005 9th February 2005 Broadgate Refinancing British Land is pleased to announce that sufficient irrevocable acceptances havenow been received in respect of each of the classes of Bonds issued by MorganStanley Mortgage Finance (Broadgate) PLC to ensure that all the resolutions willbe passed at the Bondholder meetings to be held on 14th February 2005. A copy of today's announcement by Morgan Stanley Mortgage Finance (Broadgate)PLC, containing further details, is attached. Enquiries: The British Land Company PLC: John Weston Smith Tel: 020 7467 2899Nick Ritblat Tel: 020 7467 2890Peter Clarke Tel: 020 7467 2885 BROADGATE REFINANCING NOTICE RELATING TO THE CONSENT SOLICITATION by Morgan Stanley Mortgage Finance (Broadgate) PLC(incorporated with limited liability in England and Wales with registered number 3727042) relating to amendments to the terms and conditions of the outstanding £310,000,000 Class A2 5.927 per cent. Bonds due 2031 (ISIN: XS0097503550) £150,000,000 Class A3 5.912 per cent. Bonds due 2033 (ISIN: XS0097504012) £225,000,000 Class B 6.287 per cent. Bonds due 2033 (ISIN: XS0097504285) £175,000,000 Class C2 6.651 per cent. Bonds due 2038 (ISIN: XS0097505415) Following the consent solicitation made to Existing Fixed Rate Bondholders (the"Solicitation") in connection with the refinancing of the securitisation ofproperties in the Broadgate Estate on the terms set out in the consentsolicitation document of Morgan Stanley Mortgage Finance (Broadgate) PLC("MSMF") dated 21 January 2005 (the "Consent Solicitation Document"), as at 7February 2005 (being the Early Solicitation Deadline), MSMF has received therequisite number of irrevocable positive votes from each of the Class A2, A3, Band C2 Existing Fixed Rate Bondholders necessary to pass the relevantExtraordinary Resolutions for each Class to be proposed at the Meetings for eachClass of Bondholders scheduled to take place on 14 February 2005. Defined terms used in this announcement have the same meaning as given to themin the Consent Solicitation Document.Should you have any questions regarding this notice you may contact MorganStanley & Co. International Limited, as sole Solicitation Agent in connectionwith the Solicitation, as follows: Morgan Stanley & Co. International Limited 25 Cabot Square Canary Wharf London E14 4QA Call Collect: +44 20 7677 5076 E-mail: [email protected] notice has been approved by, and is the sole responsibility of, MorganStanley Mortgage Finance (Broadgate) PLC, and has been approved by MorganStanley & Co. International Limited ("Morgan Stanley") solely for the purposesof section 21 of the Financial Services and Markets Act 2000 of the UnitedKingdom. Morgan Stanley is acting for The British Land Company PLC and MorganStanley Mortgage Finance (Broadgate) PLC and no-one else and will not beresponsible for providing to any other person the protections afforded toclients of Morgan Stanley or for providing advice in relation to the Proposals.Under no circumstances shall this notice constitute an offer to sell or thesolicitation of an offer to buy or subscribe for Bonds. Date: 9 February 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land