NewDay Funding Master Issuer PLC
16 July 2026
Notice to noteholders
RNS Number: 7047M
NewDay Funding Master Issuer plc
16 July 2026
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisers as you deem necessary.
This Notice is addressed only to current holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.
NEWDAY FUNDING MASTER ISSUER PLC
10th floor, 5 Churchill Place
London E14 5HU
Registered number 12586525
(the "Issuer")
RNS ANNOUNCEMENT IN RESPECT OF CERTAIN REDEMPTION AND RESERVE MATTERS
to current holders of the following notes of the Issuer
presently outstanding
£113,900,000 Class A1 Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715923459 / Rule 144A ISIN: XS2716700286)
$75,000,000 Class A2 Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715925157 / Rule 144A ISIN: US65120LAL53)
£24,150,000 Class B Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715924002 / Rule 144A ISIN: XS2716700526)
£36,575,000 Class C Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715924267 / Rule 144A ISIN: XS2716700799)
£50,225,000 Class D Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715924424 / Rule 144A ISIN: XS2716700872)
£25,550,000 Class E Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715924937 / Rule 144A ISIN: XS2716700955)
£21,350,000 Class F Asset Backed Floating Rate Notes due 2026
(Reg S ISIN: XS2715925074 / Rule 144A ISIN: XS2716701094)
(the "Series 2023-1 Notes")
On 16 July 2026, (i) the Series 2026-1 Notes were issued by NewDay Funding Master Issuer plc and were designated as a Replacement Series in respect of the Notes, and (ii) the Series 2023-1 Supplement ( which relates to a Series of which the Notes form part) was amended to allow certain amounts used to cash collateralise the Notes to be allocated to each Class or Sub-Class of Series 2023-1 on a pro rata basis (rather than in order of seniority).
Part of the proceeds of the Series 2026-1 Notes in an amount equal to £311,150,000.00 will be paid to the Receivables Trustee and credited to the Series 2023-1 Principal Funding Ledger and (as a result of the amendments referred to above) allocated to each Class or Sub-Class of Series 2023-1 on a pro rata basis. Upon the Receivables Trustee's receipt of those proceeds, Series 2023-1 will be fully pre-funded ahead of its Scheduled Redemption Date (which falls on the Interest Payment Date falling in November 2026) and, in accordance with condition 9(g) (Optional Repurchase of Retained Notes) of the 2023-1 Notes, the Class F Notes, which are Retained Notes, will be fully redeemed, in an amount equal to the amount of the funds in the Series 2023-1 Principal Funding Ledger proportionally allocated to Class F (£21,350,000.00), on 16 July 2026.
As a result of such pre-funding, the Required Liquidity Reserve Amount for Series 2023-1 has been reduced to zero, the Series 2023-1 Originator VFN Subordination has been reduced to zero and the Required Accumulation Reserve Amount Series 2023-1 has (until such time as the Servicer determines otherwise, including as a result of further amounts being credited to the Series 2023-1 Principal Funding Ledger) been set at £5,000,000.
A Rating Confirmation has been received in relation to the issuance of the Series 2026-1 Notes (in connection with which, the Rating Agencies have been notified of the above matters).
Capitalised terms used, but not defined, in this Notice have the meanings given to them in the prospectus dated 25 October 2023.
Should any Noteholder have any queries in relation to this Notice, such Noteholder should contact the Issuer using the below contact details.
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Contact Details: |
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Issuer: |
10th floor, 5 Churchill Place London E14 5HU Email: directors-uk@intertrustgroup.com |
This Notice is given by
NEWDAY FUNDING MASTER ISSUER PLC as Issuer
Dated 16 July 2026
LEI: 213800GBPRAJHSB5YK19
END
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