NewDay UK Limited
8 December 2020
NEWDAY UK LIMITED
(the "Company")
NOTICE OF ISSUANCE OF PIK NOTES AND INTEREST DEFERRAL
The Company hereby confirms that it has elected to issue £10,000,000 fixed rate unsecured PIK notes due 2027 (the "PIK Notes"). Similar to the PIK notes issued by the Company on 21 December 2018 (the “2018 PIK Notes”), the PIK Notes are being issued to satisfy part of the interest accrued under the £483,700,000 fixed rate unsecured loan notes due 2027 issued by the Company (the "Loan Notes") for the interest period commencing on 31 December 2019 and ending on 30 December 2020. The PIK Notes will be issued on 30 December 2020.
In addition, the Company confirms that it has elected to defer:
(i) the remaining interest payable by the Company in respect of the Loan Notes for the interest period commencing on 31 December 2019 and ending on 30 December 2020; and
(ii) the interest payable by the Company in respect of the 2018 PIK Notes for the interest period commencing on 31 December 2019 and ending on 30 December 2020.
NEWDAY UK LIMITED
For further information, please contact:
Address : 7 Handyside Street, London, N1C 4DA
Email : investor.relations@newday.co.uk
Attention : Joseph Tucker
Date : 8 December 2020