Annington Finance offers to buy back some class B3 floaters due 2023

By Marisa Wong

Madison, Wis., Dec. 23 – Annington Finance No. 4 plc gave notice that it is open to purchasing some of its class B3 secured floating-rate notes due 2023 on their Jan. 10 interest payment date.

The issuer said it expects to have £16.68 million of redemption funds available on the upcoming interest payment date.

Only certain class B3 noteholders are eligible to tender their notes for purchase.

Eligible noteholders are invited to notify the issuer (attn.: Andrew Chadd, chief financial officer at andrewc@annington.co.uk or fax at +44 20 7340 9816) which notes they are willing to offer and at what price. The deadline for notifying the issuer is Jan. 6.

Nomura International plc is the dealer.

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

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