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Titan Europe 2006-5 (IRSH)

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Thursday 09 April, 2020

Titan Europe 2006-5

Titan 2006-5 RIS Notice

RNS Number : 4446J
Titan Europe 2006-5 PLC
09 April 2020
 

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY, IMMEDIATELY.

 

Notice to Noteholders

 

€330,000,000 Class A1 Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277721618/XS0277724398)

€50,000 Class X Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277735758/XS0277736301)

€112,300,000 Class A2 Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277725361/XS0277725874)

€61,893,000 Class A3 Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277726500/XS0277727490)

€56,807,000 Class B Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277728381/XS0277729272)

€43,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277729439/XS0277731179)

€37,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277732144/XS0277732656)

€5,000,000 Class E Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277733548/XS0277733894)

€14,868,755 Class F Commercial Mortgage Backed Floating Rate Notes due July 2019
(XS0277734199/XS0277734785)

€50,000 Class V Commercial Mortgage Backed Floating Rate Notes due July 2019

(XS0277735089/XS0277735329)

 

(together, the "Notes")

 

issued by Titan Europe 2006-5 p.l.c. (the "Issuer")

on 19 December 2006

 

9 April 2020

 

The Notes are admitted to trading on the regulated market of the Irish Stock Exchange Limited.

 

The EU Market Abuse Regulation (596/2014) requires disclosure of inside information relating to the Issuer.

 

Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Prospectus in relation to the Notes dated 19 December 2006.

 

The following notice has been prepared by and issued at the request of the Special Servicer. The Issuer has not independently verified the information contained in this notice. Accordingly, the Issuer hereby gives notice of the following in relation to the Quartier 206 Shopping Centre Property (the "Property").

 

Reference is made to the notice dated 29 January 2020 whereby the Issuer gave notice of the setting of a new auction date in relation to the forced auction proceedings concerning the part of the Property which has not yet been sold and on which the shopping centre is located (the "Remainder of the Property").

 

The Special Servicer has been informed that the competent court has cancelled the auction date of 20 May 2020 in relation to the Remainder of the Property in order to stop the spread of the Coronavirus. The Special Servicer will apply to the court for a new date to be set so that the auction can take place as soon as the current restrictions are lifted. The Special Servicer will provide further information once the new date is known.

 

Queries may be addressed to the Special Servicer as follows:

Address:  Situs International Limited

  34th Floor, 25 Canada Square

  London E14 5LB
 

E-mail:  [email protected]

 

This notice is given by

TITAN EUROPE 2006-5 PLC

as Issuer

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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