STRICTLY PRIVATE AND CONFIDENTIAL
Exhibit 4.8
STRICTLY PRIVATE AND CONFIDENTIAL
Marconi Corporation plc
00 Xxxxxxxxx Xxxxxx
Xxxxxx XXX 0XX
Telephone: x00 (0) 000 000 0000
Fax: x00(0)00 0000 0000
Web site: xxx.xxxxxxx.xxx
Monday, 27th September 2004
HSBC Bank plc
Corporate Trust and Loan Agency
Corporate, Investment Banking and Markets
Xxxxx 00
0 Xxxxxx Xxxxxx
Xxxxxx X00 0XX
Attention: Mr C Merrett
Dear Sirs,
£50,000,000 Committed Multicurrency Revolving Facility Agreement dated 27th March 2003 between Marconi Corporation plc (the “Company”), Marconi Bonding Limited (the “Applicant”) the financial institutions referred to therein as Original Issuing Banks and Original Banks and the various Marconi companies listed therein (the “Original Indemnifying Companies”) (the “Bonding Facility Agreement”)
We are writing to you in your capacity as Agent and Security Trustee under the Bonding Facility Agreement
The current Availability Period of the Bonding Facility Agreement is due to expire on 18 November 2004. In accordance with clause 2.3 of the Bonding Facility Agreement, the Company hereby requests that you obtain the approval of the Banks (as defined in the Bonding Facility Agreement) to extend the Availability Period of the Bonding Facility Agreement to 18 November 2005.
The Company also hereby requests that you grant your consent to the waiver of the information requirements contained in Clause 21.1 of the Bonding Facility Agreement (and pursuant to Section 4.20 of the Senior Notes Indenture) for the remainder of the Bonding Facility Agreement, following the repayment of the Junior Notes by the Company on 8th March 2004 and the repayment of the Senior Notes by the Company on 1st September 2004.
Yours faithfully,
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For
and on behalf of
Marconi Corporation plc
Marconi Corporation plc
Registered in England No. 67307
Registered Office: XX Xxx 00, Xxx Xxxxxxx Xxxx, Xxxxxxxx XX0 IHJ
