Research for Action

Dear Hartlepool Council,

A. How many LOBO loans (number of loans and total principal) has the council restructured, refinanced or for which the terms of the contracts have changed since 2015.

B. For such loans please provide a spreadsheet with the following information (a row for each loan and each parameter listed in a separate column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan
4. Drawdown date of the original LOBO loan
5. Maturity date of the original LOBO loan
6. Date when the LOBO loan was restructured/refinanced
7. Breakage cost or fee paid to the counter-party for the refinancing/restructuring
8. How was the loan restructured/refinanced? (i.e. loan was transformed into fixed rate loan by removing the option, or loan was repaid with a new bank loan, or with a PWLB loan, or other - please specify)
9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
12. Fair value of new PWLB or bank loan used to refinance the LOBO loan (if applicable)
13. Name of any third-party advisor used for the restructuring/refinancing
14. Fee paid to the advisor for the restructuring/refinancing
15. Name of broker who arranged the restructuring/refinancing
16. Fee paid to the broker for the restructuring/refinancing

C. Please provide copies of new contracts and any other official documents related to the restructuring/refinancing

D. Please provide invoices for the broker fees for the restructuring/refinancing

Yours faithfully,

Ludovica Rogers

Freedomofinformation, Hartlepool Council

Thank you for your email which has been received by the Council. 

If your request relates to official council held information it will be
handled in accordance with the Freedom of Information Act 2000 or
Environmental Information Regulations 2005. We may need to contact you
for further information or clarification. If you do not hear from us,
please accept this email as acknowledgment of your request. You will
receive a final response within the next 20 working days.

If you are writing to find out what information the Council holds about
you, and wish to exercise your ‘Right to Access’ under data protection
legislation (General Data Protection Regulation and Data Protection Act
2018) your request will be processed and responded to within one month of
receiving the request. 

If you have any queries regarding data protection, please do not hesitate
to contact us at  [1][email address] or on 01429 523087.

Following completion of a freedom of information request/ data protection
request, the information relating to the request and response will be
retained by the Council for three years.  For further information on how
the Council process your personal data in accordance with the Data
Protection Act 2018 and the General Data Protection Regulations, please
visit [2]www.hartlepool.gov.uk/gdpr

If you have any queries, please do not hesitate to contact the Legal
Division on 01429 523087 or email
[3][email address] .

 

 

dangos adrannau a ddyfynnir

FOI Responses, Hartlepool Council

1 Atodiad

Dear Ludovica

Further to your request for information, I can advise as attached.

Elena Lilley| Legal Administration Officer Hartlepool Borough Council
Tel: (01429) 523647 | Ext: 3647
Email: [email address]

Web: hartlepool.gov.uk
Facebook: facebook.com/hartlepoolcouncil
Twitter: twitter.com/HpoolCouncil

From: Research for Action [mailto:[FOI #562581 email]]
Sent: 18 March 2019 14:28
To: Freedomofinformation
Subject: Freedom of Information request - Restructuring of LOBO loans

Dear Hartlepool Council,

A. How many LOBO loans (number of loans and total principal) has the council restructured, refinanced or for which the terms of the contracts have changed since 2015.

B. For such loans please provide a spreadsheet with the following information (a row for each loan and each parameter listed in a separate column):
1. Internal reference number
2. Principal of the original LOBO loan
3. Initial counter-party of the original LOBO loan 4. Drawdown date of the original LOBO loan 5. Maturity date of the original LOBO loan 6. Date when the LOBO loan was restructured/refinanced 7. Breakage cost or fee paid to the counter-party for the refinancing/restructuring 8. How was the loan restructured/refinanced? (i.e. loan was transformed into fixed rate loan by removing the option, or loan was repaid with a new bank loan, or with a PWLB loan, or other - please specify) 9. Principal of new PWLB or bank loan used to refinance the LOBO loan (if applicable) 10. Maturity date of new PWLB or bank loan used to refinance the LOBO loan (if applicable) 11. Interest rate of new PWLB or bank loan used to refinance the LOBO loan (if applicable) 12. Fair value of new PWLB or bank loan used to refinance the LOBO loan (if applicable) 13. Name of any third-party advisor used for the restructuring/refinancing 14. Fee paid to the advisor for the restructuring/refinancing 15. Name of broker who arranged the restructuring/refinancing 16. Fee paid to the broker for the restructuring/refinancing

C. Please provide copies of new contracts and any other official documents related to the restructuring/refinancing

D. Please provide invoices for the broker fees for the restructuring/refinancing

Yours faithfully,

Ludovica Rogers

[Love-Hartlepool]<https://www.facebook.com/LoveHartlepool>

dangos adrannau a ddyfynnir

Research for Action

Dear Hartlepool Council,

Thank you for the information provided. Can you confirm that in the case of the change to the terms of the Barclays loans the council dealt directly with the bank and no advisors or brokers were involved?
Can you also please provide copies of the official documents that indicate the change to the terms of the loans as requested in my FOI at point C.

Kind regards,

Ludovica Rogers

FOI Responses, Hartlepool Council

1 Atodiad

Dear Ludovica

Hartlepool Borough Council dealt directly with the bank, no advisors or brokers were involved.

Attached are copies of the deed poll documents changing the terms of the loans.

We hope that this information deals with your request, however if you are dissatisfied with the handling of your request, you have the right to ask for an internal review. Internal review requests should be submitted to [email address] within two months of the date of receipt of the response to your original request.

If you are not content with the outcome of the internal review, you have the right to apply directly to the Information Commissioner for a decision. The Information Commissioner can be contacted at: Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF, www.ico.org.uk

Elena Lilley| Legal Administration Officer Hartlepool Borough Council
Tel: (01429) 523647 | Ext: 3647
Email: [email address]

Web: hartlepool.gov.uk
Facebook: facebook.com/hartlepoolcouncil
Twitter: twitter.com/HpoolCouncil

From: Research for Action [mailto:[FOI #562581 email]]
Sent: 09 April 2019 15:05
To: FOI Responses
Subject: Re: FOI 10005

Dear Hartlepool Council,

Thank you for the information provided. Can you confirm that in the case of the change to the terms of the Barclays loans the council dealt directly with the bank and no advisors or brokers were involved?
Can you also please provide copies of the official documents that indicate the change to the terms of the loans as requested in my FOI at point C.

Kind regards,

Ludovica Rogers

dangos adrannau a ddyfynnir