Penarth Master Issuer PLC

Penarth Master Issuer PLC is engaged in the investment of proceeds from the issuance of publicly listed floating rate asset-backed global loan notes, denominated in Sterling. The company invests these proceeds in loans to Penarth Funding 1 Limited, which uses the funds to acquire interests in the Penarth Receivables Trust, holding a pool of securitized credit card receivables. The company generates revenue by receiving interest on loans made to Penarth Funding 1 Limited, with its activities primarily governed by a series of securitization transaction documents.

Penarth Master Issuer PLC is engaged in the investment of proceeds from the issuance of publicly listed floating rate asset-backed global loan notes, denominated in Sterling. The company invests these proceeds in loans to Penarth Funding 1 Limited, which uses the funds to acquire interests in the Penarth Receivables Trust, holding a pool of securitized credit card receivables. The company generates revenue by receiving interest on loans made to Penarth Funding 1 Limited, with its activities primarily governed by a series of securitization transaction documents.