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Research for Action

Dear Kent County 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

 

Information request
Our reference: 5635972

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Dear Sir or Madam, 
 
Freedom of Information Act 2000
 
Thank you for your email which we received on 18 March 2019.
 
Kent County Council acknowledges your request for information under 
the Freedom of Information Act 2000.  Assuming KCC holds this information,
we will endeavour to supply the data to you as soon as possible but no
later than 15 April 2019 (20 working days from date of receipt).
 
We will advise you as soon as possible if we do not hold this information
or if there are exemptions to be considered and/or any costs for providing
the information.
 
Please quote our reference - 5635972 in any communication regarding this
particular request.
 

Please see our [1]Information Rights Privacy Notice for details of how we
process your personal data.

 
Yours faithfully
 
 
Carly Wattle
Information Access Officer
Strategic and Corporate Services
+443000417061
 
NOTE: Please do not edit the subject line when replying to this email.

References

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1. https://www.kent.gov.uk/about-the-counci...

4 Attachments

 

Information request
Our reference: 5635972

--------------------------------------------------------------------------

Dear Sir or Madam
 
Thank you for your request for information received on 18 March 2019.
 
Please find attached our response to your request.
 
Yours faithfully
 
 
Carly Wattle
Information Access Officer
Strategic and Corporate Services
+443000417061
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Research for Action

Dear Kent County Council,
Thank you for your response to my FOI request.
Could you kindly also provide the following as requested in point C of my FOI request:
- Deed Poll for the removal of the option for the Barclays loans
- document indicating the removal of the option for the RBS loan.
kind regards,
Ludovica Rogers

Kent County Council

Dear Sir or Madam,

 

Thank you for your email, which I have passed onto the relevant team to
deal with. To clarify this is now being dealt with as a follow on query to
your previous request, under the same reference – 5635972.

 

The FOIA does not legislate for follow on requests and therefore there is
no statutory timeframe for us to respond within. However, I will endeavour
to supply the data to you as soon as possible.

 

Kind regards

 

Carly Wattle | Information Access Officer | Information Resilience &
Transparency Team | Kent County Council | Room 2.87, Sessions House,
Maidstone, ME14 1XQ | Phone 03000 417061 | Fax 03000 420303 |[1]Access to
Information | Please see our [2]Information Rights Privacy Notice for
details of how we process your personal data in line with our data
protection obligations.

 

 

show quoted sections

Kent County Council

Dear Ms. Rogers,

 

Thank you for your request for information made under the Freedom of
Information Act (FOIA) 2000, relating to LOBO Loans. Please see the
response provided below and attached:

 

Please see attached copies of the outstanding documents relating to the
Barclays and RBS loans as requested.

 

If you are unhappy with this response, and believe KCC has not complied
with legislation, you have 40 working days from the date of this response
to ask for a review. You can do this by following our complaints process;
details can be found at this link
[1]https://www.kent.gov.uk/about-the-counci...
on our website. Please quote reference 5635972.

 

If you remain dissatisfied following an internal review, you can appeal to
the Information Commissioner, who oversees compliance with the Freedom of
Information Act 2000. Details of what you need to do, should you wish to
pursue this course of action, are available from the Information
Commissioner’s website [2]http://ico.org.uk/concerns

 

Yours sincerely

 

 

Kelly Leeson | Information Access Officer | Information Resilience &
Transparency Team | Kent County Council | Room 2.87, Sessions House,
Maidstone, ME14 1XQ | Phone 03000 415985 | Fax 03000 420303 |  Access to
Information | Please see our Information Rights Privacy Notice for details
of how we process your personal data in line with our data protection
obligations |

 

show quoted sections

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