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Titan Europe 2006-5 (IRSH)

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Tuesday 05 March, 2019

Titan Europe 2006-5

Notice to Noteholders

RNS Number : 9350R
Titan Europe 2006-5 PLC
05 March 2019
 

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, 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, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY, IMMEDIATELY.

 

Notice to Noteholders

 

€330,000,000 Class A1 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277721618/XS0277724398)

€50,000 Class X Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277735758/XS0277736301)

€112,300,000 Class A2 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277725361/XS0277725874)

€61,893,000 Class A3 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277726500/XS0277727490)

€56,807,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277728381/XS0277729272)

€43,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277729439/XS0277731179)

€37,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277732144/XS0277732656)

€5,000,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277733548/XS0277733894)

€14,868,755 Class F Commercial Mortgage Backed Floating Rate Notes due 2019
(XS0277734199/XS0277734785)

€50,000 Class V Commercial Mortgage Backed Floating Rate Notes due 2019

(together, the "Notes")

 

issued by Titan Europe 2006-5 p.l.c. (the "Issuer")

on 19 December 2006

 

 

The EU Market Abuse Regulation (596/2014) requires disclosure of inside information relating to the Issuer.

 

Terms used and not defined herein shall have the meaning ascribed to them in the Prospectus in relation to the Notes dated 19 December 2006 and the notices to Noteholders dated 10 August 2015, 8 September 2015, 5 August 2016, 6 February 2017, 8 February 2017, 27 March 2017, 11 May 2017, 31 May 2017, 21 August 2017, 2 October 2017, 15 November 2017, 28 December 2017 and 6 November 2018 (the "Notices").

 

We refer to the Notices in relation to the Quartier 206 Shopping Centre Borrower Claim.

 

Higher Regional Court of Frankfurt - Decision - 26 February 2019

 

An oral hearing in the appeal proceedings relating to the Quartier 206 Shopping Centre Borrower Claim took place on 26 February 2019 before the Higher Regional Court of Frankfurt, Zeil 42, 60313 Frankfurt am Main, in Building D, Room 101.

 

The Higher Regional Court of Frankfurt rendered the following decision (without grounds for the decision provided yet, the grounds are expected to be provided separately):

 

·     The Quartier 206 Shopping Centre Borrower's appeal against the judgment of the court of first instance rendered on 10 November 2017 is rejected.

 

·     The Quartier 206 Shopping Centre Borrower must bear the costs of the appeal proceedings (in accordance with the applicable costs and fee schedules).

 

·     A further appeal is not permitted.

 

This decision is subject to any legal remedies (including by way of a complaint to the German Federal Supreme Court against denial of leave to appeal) that may be lodged by the Quartier 206 Shopping Centre Borrower.

 

Queries may be addressed to the Issuer as follows:

 

Address:          Titan Europe 2006-5 p.l.c.

                        c/o Wilmington Trust SP Services (Dublin) Ltd

                        Fourth Floor

                        3 George's Dock, IFSC

                        Dublin 1, Ireland
 

Attention:         The Directors

Fax:                  +353 1 6125550

E-mail:             [email protected]

 

This notice is given by

TITAN EUROPE 2006-5 PLC

as Issuer

 

5 March 2019

 

 

 

 

 

 

 

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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