Unscheduled payment estimated to be €301,992,221
Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).
Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 14 March 2016, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 5 April 2017. The estimated Euro Equivalent Available Cash for this payment is €301,992,221.
An estimated breakdown of the currencies included and the assets from which the Euro Equivalent Available Cash will derive, in accordance with 9.1(b)(ii) of the Conditions can be found here.
The Currency Conversion Date for the non-EUR currencies will be 28 March 2017. LBI will provide a further notification after the Currency Conversion Date and confirm the final EUR amount used for partial redemption of the Bonds on the Payment Date of 5 April 2017.