Source - RNS
RNS Number : 2515L
Titan Europe 2006-3 plc
29 September 2016
 

Company Name:                Titan Europe 2006-3 Plc

Headline:                          Target Loan Update

                                                                                                                 

 

RNS Number: 2515L                   

Titan Europe 2006-3 plc

 

RIS Notification

 

                                        29 September 2016

 

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.

 

 

The successor Special Servicer has confirmed that the sale of the Asnieres property completed on 27 September 2016 for a gross price of €9,970,000. The net sales proceeds amounting to €9,684,771.92 will be applied on the October 2016 interest payment date in accordance with the Facility Agreement.

 

For the avoidance of doubt, the €105,000,000 valuation figure published in May 2016 excluded the Asnieres and Valcrete properties.

 

Further updates on the ongoing asset management initiatives and exit strategy will be provided in due course. 

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

 

This notice is given by

 

TITAN EUROPE 2006-3 PLC

 

as Issuer

 

 

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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