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Windermere VII CMBS (IRSH)

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Tuesday 05 February, 2013

Windermere VII CMBS

Payment Default and Servicing Transfer Event

RNS Number : 1809X
Windermere VII CMBS Plc
05 February 2013
 

RIS NOTIFICATION

 

Headline:           Payment Default and Servicing Transfer Event in relation to the Redleaf II Mortgage Loan

 

To:                   The Irish Stock Exchange Limited

                        28 Anglesea Street

                        Dublin 2

                        Ireland

 

Attention:          Regulatory Information Services

 

5th February 2013

Windermere VII CMBS p.l.c. (the "Issuer")

Class A1 Commercial Mortgage-Backed Notes due 2016

Class A2 Commercial Mortgage-Backed Notes due 2016

Class X Commercial Mortgage-Backed Notes due 2016

Class B Commercial Mortgage-Backed Notes due 2016
Class C Commercial Mortgage-Backed Notes due 2016
Class D Commercial Mortgage-Backed Notes due 2016
Class E Commercial Mortgage-Backed Notes due 2016

Class F Commercial Mortgage-Backed Notes due 2016

(together, the "Notes")

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

Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse), together with implementing Commission Directives 2003/124/EC of 22 December 2003 and 2004/72/EC of 29 April 2004, as implemented by the relevant member states, requires disclosure by or on behalf of the Issuer of any inside information concerning the Notes.

Terms used and not defined herein having the meaning ascribed to them in the Prospectus in relation to the Notes dated 12 May 2006.

The following notice has been prepared by and issued at the request of the Master Servicer.  The Issuer has not independently verified the information contained in this notice.  Accordingly, the Issuer hereby gives notice of the following with respect to the Redleaf II Mortgage Loan (the "Loan").

The scheduled maturity date for the Loan was 1 February 2013 (the "Mortgage Loan Maturity Date").  The Redleaf II Borrower has failed to repay the Loan in full on the Mortgage Loan Maturity Date and therefore a Payment Default has occurred, which constitutes a Servicing Transfer Event.  The Special Servicer has now assumed special servicing duties in relation to the Loan, which is now a Specially Serviced Mortgage Loan.

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

 

 

Signature_____________________________________     

FOR AND ON BEHALF OF WINDERMERE VII CMBS P.L.C

Date of Notification:

 

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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