Silverstone Master Issuer PLC Notice of Redemption to Noteholders (5858T)
March 20 2023 - 2:10PM
UK Regulatory
TIDM11SF
RNS Number : 5858T
Silverstone Master Issuer PLC
20 March 2023
NOTICE TO THE HOLDERS OF
SILVERSTONE MASTER ISSUER PLC
(incorporated in England and Wales with limited liability with
registered number 06612744)
(the Issuer)
GBP1,000,000,000 Series 2020-1 Class 1A Residential Mortgage
Backed Notes due 21 January 2070
(Reg S ISIN: XS2109587977, Rule 144A ISIN: XS2109794508 ;
Reg S Common Code: 210958797, Rule 144A Common Code:
210979450)
(the holders thereof, the Noteholders)
OPTIONAL REDEMPTION
NOTICE IS HEREBY GIVEN to the Noteholders that on 21 April 2023
(the Optional Redemption Date):
(a) pursuant to Condition 5.4 of the Series 2020-1 Class 1A
Notes, the Issuer shall redeem the Series 2020-1 Class 1A Notes in
full at the aggregate redemption amount together with any accrued
and unpaid interest in respect thereof, and interest shall cease to
accrue on and after the Optional Redemption Date in respect of the
Series 2020-1 Class 1A Notes; and
(b) pursuant to Condition 8.2 of the Intercompany Loan Terms and
Conditions, the Issuer shall require Funding 1 to prepay the Series
2020-1 Class 1A Term AAA Advance in full at the aggregate
outstanding principal amount together with any accrued and unpaid
interest in respect thereof, and interest shall cease to accrue on
and after the Optional Redemption Date in respect of the Series
2020-1 Class 1A Term AAA Advance.
Capitalised terms used in this notice shall have the meanings
given to them in the terms and conditions of the Series 2020-1
Class 1A Notes.
20 March 2023
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END
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