Annington Finance offers to repurchase some class A and class B notes

By Jennifer Chiou

New York, Oct. 14 – Annington Finance No. 4 plc gave notice to holders of its £1.48 billion of zero-coupon secured class A notes and its £1 billion of zero-coupon secured class B notes that it is offering to repurchase a portion of the notes.

Specifically, holdback amounts available to purchase the notes are £1.7 million of class A notes and £1.1 million of class B notes, according to a company notice.

Under the offer, noteholders may provide the issuer with details in writing of the number of notes they are willing to offer for sale and the price at which they are willing to offer the notes for sale.

Holders of any accepted offers will be required to sell their notes to the Royal Bank of Scotland plc.

Offers must be sent by 5 a.m. ET on Oct. 20 to chief financial officer Andrew Chadd (andrewc@annington.co.uk or fax 44 20 7340 9816).

Annington is a London-based company that refurbishes and sells former Ministry of Defense homes.

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