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European Comm. 2013 (IRSH)

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Tuesday 13 February, 2018

European Comm. 2013

Notice to noteholders - amendments to notes

RNS Number : 7957E
European Comm Real Es Ln Inv 2013
13 February 2018
 

IRISH STOCK EXCHANGE

 

For immediate release

                                                                                                                                  13 February 2018

 

European Commercial Real Estate Loan Investments 2013 DAC

(the "Issuer")

 

EUR75,000,000 Partly-Paid Senior Secured Notes due 2022

 (Isin: XS0952576311)(the "EUR Notes")

 

GBP300,000,000 Partly-Paid Senior Secured Notes due 2022

 (Isin: XS0952576584)(the "GBP Notes")

 

(together, the "Notes")

 

NOTICE TO noteholders - amendments to notes

 

The Notes have been issued by the Issuer and are constituted pursuant to the terms of the note trust deed dated 18 July 2013 entered into between the Issuer and U.S. Bank Trustees Limited (the "Note Trustee")(the "Note Trust Deed") and are subject to and have the benefit of the terms and conditions of the Notes in the form set out at Schedule 3 to the Note Trust Deed, as amended from time to time (the "Conditions").

Terms and expressions used but not defined herein shall have the meanings given to them in the Conditions (whether expressly defined therein or by reference to another document).

The Notes are admitted to the Official List of the Irish Stock Exchange plc and to trading on its Global Exchange Market.

Ring-Fencing Amendments

The Issuer, Investment Manager, Note Trustee, Security Trustee, Registrar, Transfer Agent, Paying Agent, Settlement Agent, Account Bank, Cash Manager, Calculation Agent and Corporate Administrator have, on 13 February 2018, entered into a deed of amendment (the "Deed of Amendment") pursuant to which the parties thereto have agreed

(a)        that the liabilities of the Issuer in respect of each of the EUR Note and the GBP Note shall be ring-fenced from each other in a manner customary for asset backed debt securities issued under a multi-issuance structured note programme; and

(b)        to make such amendments to the Transaction Documents as may be necessary to reflect the foregoing (the "Ring-Fencing Amendments").

In order to give effect to the Ring-Fencing Amendments, each Party to the Deed of Amendment has agreed that, with effect from the date of the Deed of Amendment

(a)                    the Note Trust Deed shall be amended and restated as set out in Appendix A (Amended Note Trust Deed) thereto;

(b)        the Security Trust Deed shall be amended and restated as set out in Appendix B (Amended Security Trust Deed) thereto;

(c)        the English Law Deed of Charge shall be amended and restated as set out in Appendix C (Amended English Law Deed of Charge) thereto;

(d)        the Agency Agreement shall be amended and restated as set out in Appendix D (Amended Agency Agreement) thereto;

(e)        the Corporate Administration Agreement shall be amended and restated as set out in Appendix E (Amended Corporate Administration Agreement) thereto;

(f)         the Account Bank Agreement shall be amended and restated as set out in Appendix F (Amended Account Bank Agreement) thereto; and

(g)        the Conditions will be amended and restated as set out in Appendix G (Amended Conditions) thereto.

The Issuer hereby issues this notice (the "Notice") for the purposes of disclosing material information with respect to the Notes in accordance with its obligations to do so under all applicable laws and the rules and guidelines of the Irish Stock Exchange.

Documents available for inspection

The Deed of Amendment is available on request at the registered office of the Issuer.

This Notice is given by:

 

The Directors

European Commercial Real Estate Loan Investments 2013 DAC

2nd Floor, 1-2 Victoria Buildings

Haddington Road, Dublin 2, Ireland

 

 

Further Information

 

For further information on the above, please contact:

 

The Directors

European Commercial Real Estate Loan Investments 2013 DAC

2nd Floor, 1-2 Victoria Buildings

Haddington Road, Dublin 2, Ireland

 

Telephone:        +353 1 416 1290

Email:               [email protected]

 

END

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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