Download LIBERTY LIVING FINANCE PLC PDF

TitleLIBERTY LIVING FINANCE PLC
LanguageEnglish
File Size2.7 MB
Total Pages141
Document Text Contents
Page 140

LIBERTY LIVING HOLDINGS INC.

NOTES To THE FINANCIAL STATEMENTS
For the year ended 31 August 2017

21. RELATED PARTY TRANSACTIONS

During the year the Company received funding, recognised as share surplus, from its Parent to
support the Group’s activities totalling £470.7m (2016: £50.2m). There were no other related party
transactions between the Group and its Parent.

Key management personnel disclosure is disclosed in note 5.

22. POST BALANCE SHEET EVENTS

On 3 November 2017, Liberty Living Finance plc, a Group subsidiary, entered into a new five year
floating unsecured £250m term loan plus a £150m RCF with three banks. The funds are expected to
be drawn post signing of these financial statements in November 2017. This facility will replace the
Company’s current revolving credit facility which will be repaid on the same day the new term loan is
drawn down, On 3 November 2017, the Company issued a repayment notice to the holders of the
Company’s $155m US private placement notes and expects to repay these on the same day the term
loan is drawn, along with the settlement of any make whole amount due and the related cross
currency swap. All security on the facilities in issue at 31 August 2017 will be released on the date
they are repaid. Liberty Living Holdings Inc. is not an obligor to the new debt facilities. See Note 13
and 16 1cr further details.

44

Page 141

LON46905376/66 169244-0001






REGISTERED OFFICE OF THE ISSUER

Liberty Living Finance PLC
Fifth Floor Peninsular House

30-36 Monument Street

London EC3R 8NB

United Kingdom

REGISTERED OFFICES OF THE GUARANTORS

Fifth Floor Peninsular House

30-36 Monument Street

London EC3R 8NB

United Kingdom

Trident Chambers

P.O. Box 146

Road Town, Tortola

British Virgin Islands

JOINT LEAD MANAGERS

HSBC Bank plc

8 Canada Square

London E14 5HQ

United Kingdom

RBC Europe Limited

Riverbank House

2 Swan Lane

London EC4R 3BF

United Kingdom

The Royal Bank of

Scotland plc (trading as

NatWest Markets)

250 Bishopsgate

London EC2M 4AA

United Kingdom

PRINCIPAL PAYING AGENT

Deutsche Bank AG, London

Branch

Winchester House

1 Great Winchester Street

London EC2N 2DB

United Kingdom



TRUSTEE

Deutsche Trustee Company Limited

Winchester House

1 Great Winchester Street

London EC2N 2DB

United Kingdom

LEGAL ADVISERS

To the Issuer and the Guarantors

as to English law:

To the Joint Lead Managers and the Trustee

as to English law:

Freshfields Bruckhaus Deringer LLP

65 Fleet Street

London EC4Y 1HS

United Kingdom

Clifford Chance LLP

10 Upper Bank Street

London E14 5JJ

United Kingdom

To the Issuer and the Guarantors

as to the laws of the British Virgin Islands:

Carey Olsen

Rodus Building, Road Reef Marina

Road Town

Tortola, VG1110

British Virgin Islands



AUDITORS TO THE ISSUER AND THE

GUARANTORS
Deloitte LLP

2 New Street Square

London EC4A 3BZ

United Kingdom

LISTING AGENT
Arthur Cox Listing Services Limited

Ten Earlsfort Terrace

Dublin D02 T380

Ireland

Similer Documents