Lloyds Bank PLC Cash Tender Offer - Outstanding Senior Notes (0425J)
April 07 2020 - 5:11AM
UK Regulatory
TIDM94WP TIDMLLOY
RNS Number : 0425J
Lloyds Bank PLC
07 April 2020
April 7, 2020
Lloyds Bank plc - RESULTS OF TENDER OFFER FOR CERTAIN OF ITS
OUTSTANDING senior NOTES
Lloyds Bank plc (the "Offeror") is today announcing the final
results of its previously announced cash tender offer (the "Offer")
for any and all of certain series of its U.S. dollar denominated
senior notes set out in the table below (the "Notes"). The Offer
was made on the terms and subject to the conditions set out in the
Offer to Purchase dated March 30, 2020 (the "Offer to Purchase")
and the related notice of guaranteed delivery.
Capitalized terms not otherwise defined in this announcement
have the same meaning as in the Offer to Purchase.
Based on information provided by the Tender Agent, $333,641,000
in aggregate principal amount of the Notes were validly tendered
and not validly withdrawn by 5:00 p.m., New York City time, on
April 6, 2020 (the "Expiration Deadline"), as more fully set forth
below. The Offeror has accepted all Notes that were validly
tendered and not validly withdrawn prior to the Expiration
Deadline. The Settlement Date is expected to be April 9, 2020.
The table below sets forth, among other things, the principal
amount of each series of Notes validly tendered and not validly
withdrawn at or prior to the Expiration Deadline:
Aggregate
Principal
Amount Tendered Aggregate
Excluding Principal Purchase
Notes Tendered Amount Tendered Price Per
Using Guaranteed Using Guaranteed $1,000 Principal
Principal Delivery Delivery Amount of
Notes ISIN/CUSIP Amount Outstanding(1) Procedures Procedures Notes
-------------- ------------- ---------------------- ----------------- ----------------- -----------------
3.300% Senior
Notes due
2021 (Series
1) US53944VAP40 $1,250,000,000 $53,619,000 $0 $1,000.34
53944VAP4
Floating
Rate Notes US53944VAQ23 $1,000,000,000 $143,012,000 $0 $980.00
due 2021
(Series 2) 53944VAQ2
2.250% Senior
Notes due
2022 (Series
3) US53944VAS88 $1,500,000,000 $111,735,000 $0 $980.53
53944VAS8
3.500% Senior
Notes due
2025 (Series
4) US53944VAH24 $440,463,000 $25,275,000 $0 $1,009.76
53944VAH2
_______________
(1) As of the commencement date of the Offer.
FURTHER INFORMATION
Lucid Issuer Services Limited acted as tender agent for the
Offer. J.P. Morgan Securities LLC and Lloyds Securities Inc. acted
as Dealer Managers. Questions regarding the Offer should be
directed to J.P. Morgan Securities LLC at +1 (866) 834-4666 (U.S.
Toll-Free) or +1 (212) 834-8553 (U.S. Collect) or Lloyds Securities
Inc. at +1 (212) 284-0411.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TENEANLXEENEEEA
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