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LONDON - Great Portland Estates (LON:GPEG) PLC (LON:GPE) announced Thursday that three subsidiaries have been added as guarantors for its £250 million sustainable notes due in 2031, effective immediately.
GPE St Andrew Street Limited, GPE (Whittington House) Limited and GPE (135-141 Wardour St) Limited have acceded as additional guarantors for the 5.375 percent notes, according to a statement released by the company.
The property company implemented the change through a supplemental trust deed and deed of accession dated June 19, both executed with BNY Mellon (NYSE:BK) Corporate Trustee Services Limited, which serves as trustee for the notes.
The sustainable notes, which carry the ISIN code XS2902759625, were originally issued on September 25, 2024, and were already guaranteed by eight other subsidiaries including Portman Square Properties Limited and GPE (Piccadilly) Limited.
The company stated that noteholders can inspect copies of the supplemental trust deed and deed of accession during normal business hours by contacting the trustee at its London office.
The announcement represents a standard corporate transaction that strengthens the guarantee structure behind the company’s sustainable debt instruments. The information was provided in a regulatory news service filing by Great Portland Estates.
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