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Titan Europe 2006-3 (IRSH)

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Tuesday 02 April, 2019

Titan Europe 2006-3

Target Update

RNS Number : 9044U
Titan Europe 2006-3 plc
02 April 2019
 

Company Name:                Titan Europe 2006-3 Plc

Headline:                          Target Loan Update

                                                                                                                 

 

RNS Number:                   

Titan Europe 2006-3 plc

 

RIS Notification

 

                                        02 April 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, following the expiry of the pre-emption period in respect of the remaining ten Target Portfolio Properties underlying the Target Portfolio Loan, the sale of all ten properties has completed for a gross sales price of €100,000,000 (one hundred million Euros).

Net disposal proceeds less any funds being reserved by the notary will be available for distribution to Noteholders at the Payment Date falling in April 2019.

Further updates will be provided concerning the final distribution of funds once the notary is satisfied all costs and expenses have been settled including any outstanding tax liabilities.

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

 

This notice is given by

 

TITAN EUROPE 2006-3 PLC

 

as Issuer

 


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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