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Deco 8 -UK Conduit 2 (IRSH)

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Wednesday 15 May, 2019

Deco 8 -UK Conduit 2

Notice to Noteholders

RNS Number : 1524Z
Deco 8 - UK Conduit 2 Plc
15 May 2019
 

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO THE BENEFICIAL OWNERS IN A TIMELY MANNER. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, 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 ADVISERS AS THEY DEEM NECESSARY, IMMEDIATELY.

IMPORTANT NOTICE TO NOTEHOLDERS

OF

£200,000,000 Class A1 Commercial Mortgage Backed Floating Rate Notes due April 2018

£256,600,000 Class A2 Commercial Mortgage Backed Floating Rate Notes due April 2018

£32,400,000 Class B Commercial Mortgage Backed Floating Rate Notes due January 2036

£34,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due January 2036

£23,500,000 Class D Commercial Mortgage Backed Floating Rate Notes due January 2036

£61,100,000 Class E Commercial Mortgage Backed Floating Rate Notes due January 2036

£14,200,000 Class F Commercial Mortgage Backed Floating Rate Notes due January 2036

£8,331,634 Class G Commercial Mortgage Backed Floating Rate Notes due January 2036

(the "Notes")

issued by

DECO 8 - UK CONDUIT 2 PLC

(the "Issuer")

REFERENCE is made to:

1. the trust deed constituting the Notes dated 4 May 2006 (the "Trust Deed");

2. the Note Trustee's notice to Noteholders dated 15 November 2018 regarding a distribution of proceeds in respect of the Mortgage Loans (the "Proceeds") to Noteholders and Secured Parties on 28 November 2018; and

3. the Issuer's notice to Noteholders dated 10 May 2019 regarding the further amount of Proceeds which have now been transferred to the Trustee and which are available for distribution.

Capitalised terms not defined herein shall have the meanings given to them in the Trust Deed.

The Note Trustee hereby gives notice to Noteholders that it is currently considering the timing of the final distribution of the remaining Proceeds. The Note Trustee will provide an update to Noteholders in due course once relevant matters are finalised.    

The above communication is made without prejudice to any and all of the Note Trustee's rights under the Notes and the Transaction Documents, all of which are expressly reserved.

The Note Trustee provides the information above for the information of Noteholder, but makes no representation as to the accuracy or completeness thereof and cannot accept any liability for any loss caused by any inaccuracy therein. The Note Trustee expresses no opinion as to the action Noteholder should take in relation to the above. The Note Trustee makes no recommendations and gives no investment advice herein or as to the Notes generally. Noteholder should take and rely on their own legal, financial or other professional advice and may not rely on advice provided to the Note Trustee, statements as to the legal position included in notices relating to the Notes issued by the Note Trustee or otherwise or the views of the Note Trustee expressed herein or otherwise.

Deutsche Trustee Company Limited                                            14 May 2019

 

 

 

 

 

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

 

 


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