Research for Action

Dear Devon 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

access to information - mailbox, Devon County Council

Dear Ludovica,

Freedom Of Information Act 2000
Request Number - 8526528

We are in receipt of your request for information which will be handled in accordance with your rights under the above legislation. Your request will be dealt with by the Information Governance team in accordance with the Council’s Environmental Information Regulations and Freedom of Information Request Handling Policy.

Under the above legislation, you are entitled to be informed as to whether Devon County Council holds the information you have requested, and if so to have this communicated to you within 20 working days from the date of receipt. Under the legislation we can apply one or more exemptions where relevant. If we feel that an exemption applies to any of the information you have requested, we will inform you, unless to do so would reveal information that would itself otherwise be exempt. We will also give you details of how you may appeal our decision.

The Council will endeavour to provide you with a response to your request as soon as possible but incidentally by no later than the 15th of April 2019.

We hope this information is of assistance to you.

Yours sincerely,

Information Governance Assistant
Information Governance Team
01392 383000
Email: [Devon County Council request email]
Website: Devon County Council

Your right to complain
If for any reason you are not satisfied with how your request has been handled, please write to Customer Relations Team, Room 120, County Hall, Topsham Road, Exeter, EX2 4QD. Details about our Access to Information complaints procedure can be found at https://new.devon.gov.uk/accesstoinforma.... If your complaint is not resolved to your complete satisfaction, you have the right to refer the matter to the Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF.

Re-use of information
The information supplied to you continues to be protected by the Copyright, Designs and Patents Act 1988. You are free to use it for your own purposes, including any non-commercial research you are doing and for the purposes of news reporting. Use for Direct Marketing purposes is prohibited. Any other re-use, for example commercial publication, would require the permission of the copyright holder. Most documents supplied by Devon County Council will have been produced by local officials and will be our copyright. If you would like to re-use any of the information which has been supplied to you, please contact us. Information you receive which is not subject to our copyright continues to be protected by the copyright of the person, or organisation, from which the information originated. You must ensure that you gain their permission before reproducing any information.

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access to information - mailbox, Devon County Council

Dear Ludovica,

Freedom Of Information Act 2000
Request Number - 8526528

I write with regard to your request for information under the Freedom of Information Act.

Please find Devon County Council’s response available via the attached link:

https://www.devon.gov.uk/accesstoinforma...

I hope this information is of assistance to you.

Yours sincerely,

Richard Kaye
Information Governance Officer

Information Governance Team
Room 120
County Hall
Exeter
EX2 4QD
Tel: 01392 383000 – Ask for Information Governance Team
Email: [Devon County Council request email]

Please note that Devon County Council now publishes most Freedom of Information and Environmental Information Regulations request responses on its publication scheme. Details of previous responses are available at https://new.devon.gov.uk/accesstoinforma.... The council requests that members of the public make use of its disclosure log search facility before making a Freedom of Information or Environmental Information Regulations request, as it is possible that the information sought, may have been disclosed in response to a prior request.

Your right to complain
If for any reason you are not satisfied with how your request has been handled, please write to Customer Relations Team, Room 120, County Hall, Topsham Road, Exeter, EX2 4QD. Details about our Access to Information complaints procedure can be found at https://new.devon.gov.uk/accesstoinforma.... If your complaint is not resolved to your complete satisfaction, you have the right to refer the matter to the Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF.

Re-use of information
The information supplied to you continues to be protected by the Copyright, Designs and Patents Act 1988. You are free to use it for your own purposes, including any non-commercial research you are doing and for the purposes of news reporting. Use for Direct Marketing purposes is prohibited. Any other re-use, for example commercial publication, would require the permission of the copyright holder. Most documents supplied by Devon County Council will have been produced by local officials and will be our copyright. If you would like to re-use any of the information which has been supplied to you, please contact us. Information you receive which is not subject to our copyright continues to be protected by the copyright of the person, or organisation, from which the information originated. You must ensure that you gain their permission before reproducing any information.

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