Research for Action

Dear East Staffordshire Borough 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

Andrea Davies, East Staffordshire Borough Council

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Freedom of Information Procedure
Please note that the Council will initially assess your request to establish whether it is a valid FOI and, if so, you will receive a response to your request within the statutory 20 clear working days.

Contact Details
Democratic Services
East Staffordshire Borough Council
P.O. Box 8045
Burton upon Trent
DE14 9JG
www.eaststaffsbc.gov.uk<http://eaststaffordshireboroughcouncil.c...>
[email address]<mailto:[email address]>

Lisa Turner, East Staffordshire Borough Council

REQUEST FOR INFORMATION FOI  OUR REFERENCE FOI6682

SUBJECT: SECTION 106 AND CIL PAYMENTS

 

Thank you for your email dated 5 February 2019 requesting this
information.

 

Our response to your questions is set out below in blue text.

 

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By Post                 The Principal Democratic Services Officer

                                East Staffordshire Borough Council

                                P O Box 8045

                                Burton upon Trent

                                Staffordshire

                                DE14 9JG

By Email                   [email address]

 

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