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Windermere VII CMBS (IRSH)

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Wednesday 17 October, 2012

Windermere VII CMBS

Repayment of the Corpus Mortgage Loan

RNS Number : 8979O
Windermere VII CMBS Plc
17 October 2012
 


RIS NOTIFICATION

 

To:                   The Irish Stock Exchange Limited

                        28 Anglesea Street

                        Dublin 2

                        Ireland

 

Headline:         Repayment of the Corpus Mortgage Loan

Attention:       Regulatory Information Service

Date:               17 October 2012

Re:                   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 Limited.

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, require disclosure by or on behalf of the Issuer of any inside information concerning the Notes.

Terms used and not defined herein shall have the meaning ascribed to them in the Offering Circular in relation to the Notes dated 12 May 2006.

We refer to the Corpus Mortgage Loan and the associated B Piece (together, the "Loan").

 

The following notice has been prepared by and issued at the request of the Special 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 Loan.

 

As advised on 20 July 2012, the Corpus Borrowers failed to repay the Loan on the repayment date, being 13 July 2012, which constituted a payment default under the Corpus Mortgage Loan Agreement.  On 1 August 2012 we further advised that the Special Servicer entered into a standstill agreement with the Corpus Borrowers for a period expiring on 15 October 2012 to grant the Corpus Borrowers sufficient time to refinance the Loan.  We now advise that the amount of EUR48,728,700.13 was paid on behalf of the Corpus Borrowers on 15 October 2012 by way of full and final repayment of the Loan.

 

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

 

For and on behalf of WINDERMERE VII CMBS p.l.c.

 

Signature:
Name:

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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