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Tuesday 08 December, 2009

Titan Euro 2006-4 FS

Notice

RNS Number : 8025D
Titan Europe 2006-4 FS Plc
08 December 2009
 

Company name     Titan Europe 2006-4 FS Plc

Headline     Notice 

RNS Number : 

Titan Europe 2006-4 FS Plc

8 December 2009

RIS Notification

8 December 2009


Titan Europe 2006-4 FS p.l.c (the "Issuer")

Class A1 Secured Floating Rate Notes due 3 September 2013

Class A2 Secured Floating Rate Notes due 3 September 2013

(together the "Notes")

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

Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation together with Implementing Directive 2003/12/EC as implemented by the relevant member state requires disclosure of inside information relating to the Issuer.

Defined terms used and not defined herein having the meaning ascribed to them in the Offering Circular dated 19 December 2006. 

Background

We refer you to the RIS Notification dated 29 September 2009 (the 29 September Notification), whereby we notified you that the Restructuring Lock Up Agreement (as defined in the 29 September Notification) became effective on 28 September 2009, and that the parties to the Restructuring Lock Up Agreement, including the Special Servicer, the Group and its financial creditors, were working towards implementing the restructuring of the Group and its secured debt (the Restructuring) by 16 November 2009, subject to the timely and satisfactory fulfilment of certain conditions precedent to the Restructuring. We also refer you to the RIS Notification dated 16 November 2009, whereby we informed you that the Special Servicer and the Group agreed to extend the long stop date under the Restructuring Lock Up Agreement to 30 November 2009 to allow the relevant parties sufficient time to implement the Restructuring and to ensure that the terms of the Restructuring Lock Up Agreement continue to apply during this period. We further refer you to the RIS Notification dated 1 December 2009 where we notified you that the parties to the Restructuring Lock-Up Agreement required a further short window to finalise and execute the Restructuring documentation. 

All parties signed the Restructuring

The Special Servicer is happy to confirm that all parties have now executed the Restructuring documentationThe legal advisors are working towards the satisfaction of the remaining process-related conditions precedent to the Restructuring (for e.g. legal opinions). 

Once these final conditions precedent have been satisfied the Restructuring steps will be implemented to complete the Restructuring. A further RIS notification will be issued when the Restructuring has completed.  

If you have any questions then please contact the Issuer or the Note Trustee at [email protected]. Bank of America Trustees Limited, in its capacity as Note Trustee has not been involved in formulating this RIS Notification. Neither the Issuer nor the Note Trustee expresses any opinion on the merits of the Restructuring Agreement or the Restructuring. This Notice is issued by Titan Europe 2006-4 FS Plc. 


Name and signature of agent of the Issuer responsible for making notification:

Signature:

Name:

Date:




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
 
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