Bastion 2020-1 NHG B.V.

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

 

The date of this notice is 12 December 2023

 

BASTION 2020-1 NHG B.V. (the Issuer)

A private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated and existing under Dutch law, having its official seat (statutaire zetel) in Amsterdam, the Netherlands

 

€ 350,100,000 class A notes 2020 due 2057

(ISIN XS2159026926)

€ 25,400,000 class B notes 2020 due 2057

(ISIN XS2159027221)

€ 4,700,000 class C notes 2020 due 2057

(ISIN XS2159027494)

 

SWAP AMENDMENT

Amsterdam, The Netherlands – Bastion 2020-1 NHG B.V. announced today that the current swap structure has been changed by the transaction parties, whereby the swap counterparty of the Issuer was Coöperatieve Rabobank U.A. and, after novation of the transaction on 11 December 2023, MeDirect Bank NV/SA has become the swap counterparty of the Issuer and Coöperatieve Rabobank U.A. has entered into a new transaction document (the Conditional Novation Agreement) with MeDirect Bank NV/SA and the Issuer and the Security Trustee pursuant to which Coöperatieve Rabobank U.A. will step in the swap agreement in certain events, such as (i) non?payment under the swaps or (ii) bankruptcy of MeDirect Bank NV/SA. In addition, the Master Definitions and Common Terms Agreement, the Trust Deed and the Administration Agreement have been amended pursuant to a Deed of Amendment to address the new swap structure.

 

The relevant documentation can be accessed here.

 

Questions regarding this notice may be directed to Intertrust Management B.V., managing director of the Issuer, at + 31 (0)20 5214 777.

Notice of Amendment Swap Structure