Source - RNS
RNS Number : 3886M
Navigator CDO 2005 Ltd
12 October 2016
 

 

Notice to Holders of Income Notes and Class Q Notes issued by Navigator CDO 2005, Ltd.

 

Issue Name


CUSIP

Income Notes


63936YAQ5 / G6429CAH9

Class Q-1 Notes


63936YAS1 / G6429CAJ5

Class Q-2 Notes


639356YAT9 / G6429CAK2

Class Q-3 Notes


63936YAU6 / G6429CAL0

Class Q-4 Notes


63936YAV4 / G6429CAM8

Class Q-5 Notes


63936YAW2 / G6429CAN6

 

and notice to the parties listed on Schedule A attached hereto.

 

Notice of OPTIONAL Redemption in Full of INCOME Notes AND CLASS Q NOTES

 

PLEASE FORWARD THIS NOTICE TO BENEFICIAL HOLDERS

Reference is made to (i) that certain Income Note Issuing and Paying Agency Agreement, dated as of July 21, 2005 (as amended, modified or supplemented from time to time, the "Paying Agency Agreement"), between Navigator CDO 2005, Ltd., as issuer (the "Issuer"), and U.S. Bank National Association (successor to Bank of America, N.A. (as successor by merger to LaSalle Bank National Association)) (the "Bank"), as income note issuing and paying agent (in such capacity, the "Income Note Issuing and Paying Agent") and (ii) that certain Indenture, dated as of July 21, 2005 (as amended, modified or supplemented from time to time, the "Indenture"), between the Issuer and the Bank, as trustee (in such capacity, the "Trustee").  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Paying Agency Agreement or the Indenture, as applicable. 

The Income Note Issuing and Paying Agent, on behalf of the Issuer and the Trustee, hereby provides notice of redemption of the Income Notes and the Class Q Notes pursuant to Section 6.3 of the Paying Agency Agreement, as follows: 

 

a)   The Redemption Date is October 21, 2016.

 

b)   The Income Notes and Class Q Notes to be redeemed are to be surrendered for payment of the redemption price thereof at the following address:   

 

 

Delivery Instructions

 

U.S. Bank National Association

Corporate Trust Services

Attn: Payments
111 Fillmore Ave E
St. Paul, MN 55107

The Income Note Issuing and Paying Agent and the Trustee make no representations or assurances with respect to the redemption of Income Notes and Class Q Notes described above, and give no investment, tax or legal advice.  Each Holder should seek advice from its own counsel and advisors based on the Holder's particular circumstances.

Recipients of this notice are cautioned that this notice is not evidence that the Income Note Issuing and Paying Agent or the Trustee will recognize the recipient as a Holder.  In addressing inquiries that may be directed to it, the Income Note Issuing and Paying Agent or the Trustee may conclude that a specific response to a particular inquiry from an individual Holder is not consistent with equal and full dissemination of information to all Holders.  Holders should not rely on the Income Note Issuing and Paying Agent or the Trustee as their sole source of information.

The Income Note Issuing and Paying Agent and the Trustee expressly reserve all rights under the Paying Agency Agreement and the Indenture, including, without limitation, their right to payment in full of all fees and costs (including, without limitation, fees and costs incurred or to be incurred by the Income Note Issuing and Paying Agent and the Trustee in performing their duties, indemnities owing or to become owing to the Income Note Issuing and Paying Agent and the Trustee, compensation for Income Note Issuing and Paying Agent and the Trustee time spent and reimbursement for fees and costs of counsel and other agents it employs in performing its duties or to pursue remedies) prior to any distribution to Holders or other parties, as provided in and subject to the applicable terms of the Paying Agency Agreement and the Indenture, and their right, prior to exercising any rights or powers vested in it by the Paying Agency Agreement and the Indenture at the request or direction of any of the Holders, to receive security or indemnity satisfactory to it against all costs, expenses and liabilities which might be incurred in compliance therewith, and all rights that may be available to it under applicable law or otherwise.

 

Holders with questions regarding this notice should direct their inquiries, in writing, to: Malia Baynes, U.S. Bank National Association, Global Corporate Trust Services, 190 South LaSalle St., 8th Floor, Chicago, IL 60603, telephone (312) 332-7323, or via email at [email protected].

 

U.S. BANK NATIONAL ASSOCIATION,                                     October 6, 2016

as Income Note Issuing and Paying Agent


SCHEDULE A

Navigator CDO 2005, Ltd.

c/o Intertrust Group

190 Elgin Avenue, George Town

Grand Cayman KY1-9005

Cayman Islands

Attention: Directors

 

CIFC Asset Management LLC

250 Park Ave., 4th Fl.

New York, NY 10177

 

[Company Announcements Office of the Irish Stock Exchange]

 

 

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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