22nd Jun 2026 11:05
RNS Announcement
Notice of amendment to certain Transaction Documents
LOVELACE 01 CBP PLC
£367,290,000 Class A Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241807885)£39,827,000 Class B Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241807968)£13,276,000 Class C Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241808008)£8,850,000 Class D Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241808180)£4,425,000 Class E Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241808263)£4,425,000 Class F Mortgage Backed Floating Rate Notes due 2038 (ISIN XS3241809154)
£4,436,000 Class Z Mortgage Backed Notes due 2038 (ISIN XS3241810590)
£6,638,000 Class X Notes due 2038 (ISIN XS3241810673)1,000 Certificates (ISIN XS3241811051)
Lovelace 01 CBP Plc (the "Issuer") hereby gives notice of certain amendments having been made to (i) the incorporated terms memorandum dated 23 December 2025 (the "Incorporated Terms Memorandum") and (ii) the wet funding facility agreement dated 23 December 2025 (the "Wet Funding Facility Agreement") pursuant to a deed of amendment and waiver dated 16 June 2026 (the "Deed of Amendment and Waiver").
The amendments comprise the following:
1. Clause 8.1 (Repayment of Wet Funding Facility Loans) of the Wet Funding Facility Agreement being amended so that a new paragraph (C) is inserted after the existing paragraph (B):
"(C) The Parties agree that, the amount of any principal due to be repaid on any Interest Payment Date pursuant to the Pre-Enforcement Principal Priority of Payments under paragraph (A) above in respect of Wet Funding Facility Loans then outstanding, shall be determined by reference to the aggregate balance of any such Wet Funding Facility Loans as at the Collection Period End Date immediately preceding that Interest Payment Date.".
2. Clause 11.1 (Interest Periods) of the Wet Funding Facility Agreement being deleted and replaced in its entirety with the following:
"11.1 Each Interest Period for a Wet Funding Facility Loan will start on (and include) a Collection Period Start Date and end on (but exclude) the next Collection Period Start Date except that the first Interest Period in respect of any Wet Funding Facility Loan will start on (and include) its Utilisation Date and end on (but exclude) the Collection Period Start Date falling in March 2026.".
3. The definition of "Wet Funding Repayment Deadline" in the Incorporated Terms Memorandum being deleted and replaced in its entirety with the following:
" "Wet Funding Repayment Deadline" means, in respect of any amount drawn under the Wet Funding Facility, the date falling on the second Interest Payment Date falling after the date of such drawing (or, in respect of any amount drawn under the Wet Funding Facility on or after the immediately preceding Collection Period End Date and before the next Interest Payment Date following that Collection Period End Date, the date falling on the third Interest Payment Date falling after the date of such drawing), provided that, for the purposes of determining whether the Wet Funding Repayment Deadline has been met in respect of the repayment of any amount drawn under the Wet Funding Facility, repayments of amounts outstanding under the Wet Funding Facility shall be deemed to be applied to drawings made under the Wet Funding Facility starting with the oldest outstanding drawing first.".
Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Incorporated Terms Memorandum.
If you have any queries arising from this notice, please contact:
The Directors
Lovelace 01 CBP Plc
Email: [email protected]
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Related Shares:
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