Issue - decisions
Authority to consent to an amendment to the Facility Agreement for the design, financing, construction, fitting out, commissioning and operation of the JFS School (Non-Key Officer Recordable Decision)
29/03/2023 - Authority to consent to an amendment to the Facility Agreement for the design, financing, construction, fitting out, commissioning and operation of the JFS School (Non-Key Officer Recordable Decision)
i) To approve the Council consenting an amendment to the Facility Agreement to replace LIBOR with a market standard LIBOR replacement rate (SONIA compounded in arrears plus a fixed credit adjustment spread) that Kenton School Services Limited (ProjectCo) and its Lenders are requesting in view of the discontinuation of LIBOR.
ii) To approve sign off of the terms of consent.