Example Summary Prospectus

Facilities Agreement
On 1st of August 2017, Protekto Ltd and other parties entered into a facilities agreement (the
“Facilities Agreement”) with Bank Skoto as facility agent and security agent. The Facilities
Agreement originally provided for an £800 million term loan facility, and a £200 million revolving
credit facility (collectively, the “Senior Facilities”). Since such date there have been a number of
amendments made, including, but not limited to, incurrences of incremental loans and refinancing
loans.
The borrowers under the Facilities Agreement are (i) in the case of the term loan facilities Protekto
Ltd and Protekto No.2 Ltd, on a joint and several basis and (ii) in the case of the revolving credit
facility, Protekto Ltd, Protekto No.2 Ltd and Protekto No.3 Ltd on a joint and several basis. The
Senior Facilities bear interest at a rate per annum equal to LIBOR or EURIBOR, as applicable, and
subject to a 1.00% floor in the case of the term loan and a 0% floor in the case of loans under the
revolving credit facility. As of the 31st December 2018, the outstanding amount under the term loan
facility was £500 million and the revolving credit facility had not been drawn.
On 1st August 2019, Protekto Ltd requested consent from its lenders to certain amendments to the
Facilities Agreement, effect a repricing of the revolving credit facility under the Facilities Agreement
and to effect a repricing of the term loans made under the Facilities Agreement (to be effected through
a refinancing of those loans). Consent was provided on the 9 th of August 2019.
As of (still unknown), Protekto Ltd had responses from lenders and other market participants
sufficient to approve amendments to help facilitate an initial public offering which are to become
effective immediately upon the consummation of an initial public offering.