30/11/2009 16:56
RNS Number : 3347D
Burlington Loan Management Limited
30 November 2009

Company Announcement

Burlington Loan Management Limited

4th Floor

 Hanover Building

 Windmill Lane

 Dublin 2


(the 'Issuer')

€2,000,000,000 Unsecured EUR Notes due 30 June 2059 (ISIN: IE00B54W6534)

£2,000,000,000 Unsecured GBP Notes due 30 June 2059 (ISIN: IE00B54VZK87)

$2,000,000,000 Unsecured USD Notes due 30 June 2059 (ISIN: IE00B54W6M08)

(together, the 'Notes')

RE:    amendments to transaction documents

Reference is made to the Listing Particulars issued by the Issuer in respect of the Notes on 21 July 2009 (the "Offering Circular"), the terms and conditions of the Notes (the "Conditions") and the Transaction Documents entered into by the Issuer in connection with the Notes on 20 July 2009. 

Under the Conditions and the Transaction Documents, the Issuer may acquire Eligible Assets denominated in USD, GBP or Euro. 

On 27 November 2009, with the consent of the holders of each of the Notes, the Issuer amended the Conditions and the Transaction Documents to give effect to the following changes:

To provide that each Note will be ring-fenced such that the holder of each separate Note will only receive a return with respect to assets acquired directly with funding received by the Issuer under such separate Note and such that the liability of the Issuer shall be several and separate in respect of each separate Note - the Issuer effected this change by amending the ring-fencing provisions (Condition 2) of each of the Notes and by making other consequential changes to certain of the Transaction Documents; 

To permit the Issuer to invest in assets denominated in currencies other than USD, GBP or euro. The Issuer effected this change by amending the terms and conditions of the USD Notes to permit the Issuer to acquire Eligible Assets denominated in any currency other than euro and GBP using the funding received under the USD Notes and by making other consequential amendments to certain of the Transaction Documents; and

To provide that the Manager shall not deliver a Monthly Report. Rather the Manager shall deliver a Manager's Report (which shall have the same contents as the currently provided for in the Monthly Report) from time to time where requested by the Issuer, the Trustee or the Paying Agent. 

Capitalised terms used in this notice shall have the meanings given to them in the Offering Circular.

The date of this announcement is 30 November 2009.

burlington loan Management Limited


Matheson Ormsby Prentice

MsNoeleen Ruddy

Phone: +353 1 232 2000

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

This information is provided by RNS
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