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NITRO SECURITISATION 6 (RF) LIMITED - NSLI - Notice to Noteholders of the early redemption of the Notes, pursuant to the Clean-Up Call Option

Release Date: 24/02/2022 13:15
Code(s): N6D26 N6G26 N6E26 N6F26     PDF:  
Wrap Text
NSLI - Notice to Noteholders of the early redemption of the Notes, pursuant to the Clean-Up Call Option

Nitro Securitisation 6 (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2015/325900/06)
Company code: NSLI
LEI: 37890021C0CCC90C3747
(“Nitro 6” or the “Issuer”)


NOTICE TO NOTEHOLDERS IN RESPECT OF THE EARLY REDEMPTION OF THE NOTES, PURSUANT TO THE
EXERCISE BY THE ISSUER OF THE CLEAN-UP CALL OPTION

The Issuer hereby notifies each Noteholder that it has elected to exercise its option to redeem all the Class D
secured floating rate notes due 20 March 2026, the Class E secured floating rate notes due 20 March 2026, the
Class F secured floating rate notes due 20 March 2026 and the Class G secured floating rate notes due 20
March 2026 at their Outstanding Principal Amounts (together with accrued interest thereon), pursuant to
Condition 7.3 (Clean-Up Call Option) of the Terms and Conditions of the Notes, on the Interest Payment Date
falling on Tuesday, 22 March 2022.

The Issuer confirms that (i) it is in Sequential Payment Mode and (ii) it has provided to the Security SPV a
certificate signed by 2 directors of the Issuer to the effect that it will have sufficient funds, not subject to any
interest of any other person, to redeem all the Notes as set out above.

A further announcement will be released containing the details of the Outstanding Principal Amounts together
with the accrued interest payable to Noteholders.

This notice to noteholders was also delivered to Strate (Proprietary) Limited in accordance with Condition 18.2
of the Terms and Conditions of the Notes.

Terms used but not otherwise defined in this announcement will bear the same meaning as given to them in
the Terms and Conditions of the Issuer’s ZAR 2 040 000 000 Asset Backed Notes Offering Circular dated 5 April
2018.

24 February 2022

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24-02-2022 01:15:00
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