RMBI Care Co. Announcement
Summary by AI BETAClose X
RCB BONDS PLC
UPDATE ON THE SALE OF THE ROYAL MASONIC BENEVOLENT INSTITUTION CARE COMPANY'S CARE HOME PORTFOLIO
On 7 March 2023, RCB Bonds PLC (the "Issuer") issued The Royal Masonic Benevolent Institution Care Company 6.25% Sustainable Bonds due 2029 (the "Bonds"), secured on a loan (the "Loan") to The Royal Masonic Benevolent Institution Care Company (the "Charity").
Further to the announcement made on 25 February 2026 regarding the decision to sell its portfolio of care homes across England and Wales (RNS Number 3897U), the Charity has today published an update on the sale process which can be viewed on the website of the Charity at: https://rmbi.org.uk/2026/11/update-on-care-home-sale-2-november/
It remains the Charity's intention, following the sale of some or all of the care homes, to prepay the Loan in full at the Sterling Make-Whole Redemption Amount (as defined in the Conditions of the Bonds). Upon such prepayment, the Issuer will redeem all of the Bonds in accordance with Condition 10.2 of the Bonds at the Sterling Make-Whole Redemption Amount. The Issuer will give not less than 15 nor more than 30 days' notice to Bondholders prior to the date of redemption of the Bonds pursuant to Condition 10.2.
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