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Windermere VII CMBS (IRSH)

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Tuesday 14 August, 2012

Windermere VII CMBS

Updated Valuation and Servicing Transfer Event

RNS Number : 0141K
Windermere VII CMBS Plc
14 August 2012
 

RIS NOTIFICATION

Headline:           Updated valuation and Servicing Transfer Event in relation to the Adductor Mortgage Loan

 

To:                   The Irish Stock Exchange Limited

                        28 Anglesea Street

                        Dublin 2

                        Ireland

 

Attention:          Regulatory Information Services

 

14th August 2012

Windermere VII CMBS plc (the "Issuer")

Class A1 Commercial Mortgage Backed Floating Rate Notes due 2016
Class A2 Commercial Mortgage Backed Floating Rate Notes due 2016

Class X Commercial Mortgage Backed Floating Rate Notes due 2016

Class B Commercial Mortgage Backed Floating Rate Notes due 2016

Class C Commercial Mortgage Backed Floating Rate Notes due 2016

Class D Commercial Mortgage Backed Floating Rate Notes due 2016

Class E Commercial Mortgage Backed Floating Rate Notes due 2016

Class F Commercial Mortgage Backed Floating Rate 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 together with Implementing Directive 2003/124/EC (as implemented in Ireland by the Market Abuse (Directive 2003/6/EC) Regulations 2005) requires disclosure of inside information relating to the Issuer.

 

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 in relation to the Adductor Mortgage Loan.

 

We refer to the Adductor Mortgage Loan that was made to the Adductor Borrowers to purchase the Adductor Mortgaged Properties.

 

We hereby give notice that the Adductor Mortgaged Properties were valued at an estimated market value of Euro 71,239,000 on 8 June 2012, giving a current Loan to Value Ratio of 68.44%.

 

We also hereby give notice that a Servicing Transfer Event occurred upon maturity of the Adductor Mortgage Loan. The Adductor Mortgage Loan was transferred to Hatfield Philips International Limited as Special Servicer, becoming a Specially Serviced Mortgage Loan, on 13 July 2012.

 

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

 

Signature_____________________________________     

FOR AND ON BEHALF OF WINDERMERE VII CMBS plc

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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