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Titan Europe 2006-3 (IRSH)

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Tuesday 12 February, 2019

Titan Europe 2006-3

Target Update

RNS Number : 8159P
Titan Europe 2006-3 plc
12 February 2019
 

Company Name:                Titan Europe 2006-3 Plc

Headline:                          Target Loan Update

                                                                                                                 

 


Titan Europe 2006-3 plc

 

RIS Notification

 

                                        12 February 2019

 

Titan Europe 2006-3 Plc (the "Issuer")

 

€471,975,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257767631/XS0257772987)

€50,000 Class X Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257768100/XS0257773951)

€245,427,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257768522/XS0257775576)

€51,917,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257769090/XS0257776624)

€56,637,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257769769/XS0257777515)

€37,900,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257770007/XS0257778836)

€30,043,000 Class F Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257770775/XS0257779131)

€40,400,000 Class G Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257770858/XS0257779727)

€9,351,559 Class H Commercial Mortgage Backed Floating Rate Notes due 2016 (XS0257771310/XS0257780816)

 

 issued by

 

Titan Europe 2006-3 plc (the "Issuer")

  

(together referred to as the "Notes")

 

The Notes are admitted to the official list of the Irish Stock Exchange and to trading on the regulated market.

 

Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (market abuse regulation) requires disclosure by or on behalf of the Issuer of any inside information concerning the Issuer.

 

Capitalised terms used but not otherwise defined in this notice have the meaning given to them in the Final Offering Circular dated 26 June 2006 in respect of the Issuer and the Master Definitions Schedule dated 27 June 2006 between, among others, the Issuer and the Note Trustee.

 

The following notice has been prepared by and issued at the request of the successor Special Servicer. The Issuer has not independently verified information contained in this notice.  Accordingly, the Issuer hereby gives notice of the following in relation to the Target Portfolio Loan.

 

 

Notice:

The successor Special Servicer hereby confirms that a sale and purchase agreement has been entered into in respect of the ten remaining Target Portfolio Properties underlying the Target Portfolio Loan for a gross sales price of €100,000,000 (one hundred million Euros).

Closing is anticipated to take place at the end of March 2019. Subsequently, the net disposal proceeds are expected to be available for distribution to Noteholders at the Payment Date falling in April 2019.

An update will be provided once the sale has been completed.

For queries relating to the above, please contact: [email protected].

 

This notice is given by

 

TITAN EUROPE 2006-3 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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