Source - RNS
RNS Number : 7256M
Infinity 2006-1 Classico
17 October 2016
 

RIS NOTIFICATION

Headline:         Chianti Reference Obligation - Satisfaction of Conditions to Credit Protection

To:                  The Irish Stock Exchange Limited
                       28 Anglesea Street
                       Dublin 2
                       Ireland

Attention:         Regulatory Information Services

10 October 2016

Infinity 2006-1 "Classico" (the "Issuer")

€261,900,000 Class A Floating Rate Asset Backed Notes due 15 February 2024

€33,700,000 Class B Floating Rate Asset Backed Notes due 15 February 2024

€64,850,000 Class C Floating Rate Asset Backed Notes due 15 February 2024

€66,450,000 Class D Floating Rate Asset Backed Notes due 15 February 2024

€9,600,000 Class E Floating Rate Asset Backed Notes due 15 February 2024

(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.

Capitalised terms used and not defined herein have the meaning ascribed to them in the Prospectus in relation to the Notes dated 6 October 2006.

We refer to notice dated 3 August 2016 pursuant to which Noteholders were informed that a Credit Event Notice in respect of the Chianti Reference Obligation has been served on,  amongst others, the Issuer and the Servicer (the "Credit Event Notice") following a Failure to Pay Credit Event arising out of the non-payment on of all outstanding amounts (including the amount of € 302,859,991, being the principal outstanding) of the Chianti Senior Loan.

Following the Credit Event Notice and the expiry of the applicable Cure Period, the Loan Servicing Verification Agent completed its verification of the Servicing Procedures on 30 August 2016, and the Eligibility Criteria Verification Agent completed its verification of Eligibility Criteria on 19 September 2016 (the "Verification Process").

The results of the Verification Process confirmed that the Eligibility Condition was satisfied and that the Chianti Reference Obligation was serviced in accordance with the Servicing Procedures. Consequentially, the Conditions to Credit Protection have been satisfied.

For queries related to the above please contact:

FCC Infinity 2006-1 'Classico'
Eurotitirsation
41 rue Delizy
93500 Pantin, France
[email protected]

 

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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