Results & Final Terms
LendInvest raises £75m via 8.25% Notes due 2030 with partial guarantee, exchanging older higher-yielding notes.
- Aggregate nominal amount of Notes issued £75,000,000
- Coupon rate 8.25%
- Maturity date 2030
- Net proceeds £65,796,849.10
- 2026 Notes accepted for exchange £34,948,900
- 2027 Notes accepted for exchange £17,024,700
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Announcement of Results and Final Terms Confirmation
This announcement constitutes the Announcement of Results and Final Terms Confirmation referred to in (a) the exchange offer memorandum and prospectus dated 14 October 2025 (the "Exchange Offer Memorandum and Prospectus") relating to (i) the offer and issue (the "Cash Offer") by LendInvest Secured Income III plc (the "Issuer") of its 8.25 per cent. notes due 2030 (the "New Notes") under its £1,000,000,000 Euro Medium Term Note Programme (the "Programme"); and (ii) the concurrent invitation to exchange (the "Exchange Offer") made by the Issuer to holders of the 11.5 per cent. Notes due 2026 (the "Existing 2026 Notes") and the 6.5 per cent. Notes due 2027 (the "Existing 2027 Notes" and, together with the Existing 2026 Notes, the "Existing Notes"), each issued by LendInvest Secured Income II plc (the "Existing Issuer"), for the Issuer's 8.25 per cent. notes due 2030 (the "Exchange New Notes" and, together with the New Notes, the "Notes"); and (b) the summary relating to the offer of the Notes to be issued by the Issuer (the "Summary").
The Notes will be issued as one series on the Issue Date (as specified below) with ISIN XS3206383484.
This announcement must be read in conjunction with the base prospectus dated 13 October 2025 relating to the Programme (the "Base Prospectus"), the Exchange Offer Memorandum and Prospectus, the Summary, and the final terms dated 14 October 2025 in connection with the issuance of the Notes (the "Final Terms") (together, the "Offering Documents").
Each of the Exchange Offer Memorandum and Prospectus, the Summary, the Base Prospectus and the Final Terms is available for viewing at the website of LendInvest plc:
The Exchange Offer Period relating to the Exchange Offer expired at 4pm on Tuesday 11th November, and the Offer Period relating to the Cash Offer expired at 12pm on Tuesday 11th November (London time) and accordingly the Notes can no longer be subscribed for or obtained by way of application for exchange in accordance with the Exchange Offer Memorandum and Prospectus. Accordingly, this announcement is not an offer to subscribe, tender, sell or exchange any securities.
The Issuer confirms the following for the purposes of this Announcement of Results and Final Terms Confirmation:
| Issue Date: | 18 November 2025 |
|---|---|
| Aggregate nominal amount of the Notes to be issued: | £75,000,000 (of which £14,617,400 were subscribed pursuant to the Cash Offer, £53,532,600 were subscribed pursuant to the Exchange Offer and £6,850,000 will be initially retained in treasury by the Issuer) |
| Estimated net proceeds of the New Notes: | £65,796,849.10 (taking into account fees and commissions payable) |
| Estimated total expenses of the offering: | £1,100,000 (being the fees and commissions payable to the Dealer Manager in relation to the Notes and marketing costs) |
| Expenses relating to the offering and admission to trading of the Notes: | £794,308 |
In relation to the Exchange Offer:
- the aggregate nominal amount of the 2026 Existing Notes accepted for exchange by the Issuer is £34,948,900. The Issuer elected to remove the Existing 2026 Notes Cap in accordance with the Exchange Offer Memorandum and Prospectus; offers to exchange 2026 Existing Notes were therefore accepted in full. Accordingly, the aggregate nominal amount of the 2026 Existing Notes remaining outstanding (and falling due to be repaid by the Existing Issuer on their original maturity date) after the Exchange Offer will be £14,051,100; and
- the aggregate nominal amount of the 2027 Existing Notes accepted for exchange by the Issuer is £17,024,700. Accordingly, the aggregate nominal amount of the 2027 Existing Notes remaining outstanding (and falling due to be repaid by the Existing Issuer on their original maturity date) after the Exchange Offer will be £21,803,300.
Investors should not subscribe for any notes referred to in this announcement except on the basis of information in the Base Prospectus, the Final Terms and, in relation to the Exchange Offer, the Exchange Offer Memorandum and Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the New Notes and/or participate in the Exchange Offer.
Please note that the information contained in the Base Prospectus, the Final Terms and the Exchange Offer Memorandum and Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus, the Final Terms and/or the Exchange Offer Memorandum and Prospectus) only and is not intended for use, and should not be relied upon, by any person outside these countries and/or to whom the offer contained in the Base Prospectus, the Final Terms and/or the Exchange Offer Memorandum and Prospectus is not addressed. Prior to relying on the information contained in the Base Prospectus, the Final Terms and the Exchange Offer Memorandum and Prospectus you must ascertain from the Base Prospectus, the Final Terms and the Exchange Offer Memorandum and Prospectus (as applicable) whether or not you are part of the intended addressees of the information contained therein.
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