Langton Securities soliciting consents for four series of floaters

By Wendy Van Sickle

Columbus, Ohio, Dec. 2 – Two Langton Securities issuers announced the start of a consent solicitation for four series of floating-rate notes due 2054.

Affected securities include the following:

• Langton Securities (2010-1) plc’s £2,125,000,000 of class A4 floating-rate notes and £1,385,715,000 of class Z1 floating-rate notes; and

• Langton Securities (2008-1) plc’s £1,250,640,000 of class A2 floating-rate notes and £2.5 billion of class Z floating-rate notes.

The issuers are looking to modify the repayment terms of the notes and the corresponding loan tranche, according to filings with the London Stock Exchange.

Written resolutions to pass the proposed extraordinary resolution to the trust deeds for each class of notes are due by noon ET on Dec. 9.

The tabulation agent is Citibank, NA, London Branch (44 20 7508 3867 or exchange.gats@citi.com). Questions may be directed to Santander UK plc, Medium Term Funding (44 20 7756 6165 or mtf@santander.co.uk).

The issuers are special-purpose companies formed under London-based Santander UK, a provider of personal financial services, mortgages and savings.

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