Company name Indus (Eclipse 07-1)
Headline Notice to Noteholders


RNS Number : 6638G
Indus (Eclipse 2007-1) PLC
02 July 2012
 



NOTICE TO THE HOLDERS OF

£729,000,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2020

ISIN (Reg S Notes) XS0294756449    ISIN (Rule 144a Notes)

XS0294758064

£100,000 Class X Commercial Mortgage Backed Notes due 2020

ISIN (Reg S Notes) XS0294756878    ISIN (Rule 144a Notes)

XS0294758494

£48,000,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2020

ISIN (Reg S Notes) XS0294757173    ISIN (Rule 144a Notes)

XS0294758650

£54,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2020

ISIN (Reg S Notes) XS0294757256    ISIN (Rule 144a Notes)

XS0294759112

£53,500,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2020

ISIN (Reg S Notes) XS0294757504    ISIN (Rule 144a Notes)

XS0294759203

£9,930,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2020

ISIN (Reg S Notes) XS0294757686    ISIN (Rule 144a Notes)

XS0294759542

 

(together the "Notes")

 

Issued by

 

Indus (Eclipse 2007-1) plc (the "Issuer")

 

 

Words and expressions used in this notice and not defined herein shall have the meaning given to them in the prospectus dated 4 April 2007 in respect of the issuance of £894,530,000 commercial mortgage backed floating rate notes due 2020 by the Issuer.

 

Pursuant to paragraph 13.7 of Schedule 1 to the Servicing Agreement, the Special Servicer has made the following information (shown in quotation marks below) available to the Issuer.  The Issuer and Trustee note that they have not been involved in the preparation of this information and in accordance with normal practice the Issuer and the Trustee express no opinion in respect of the information contained in this Notice.  Furthermore, this Notice is issued without prejudice to any and all of the Issuer's and Trustee's rights under the Transaction Documents, all of which are expressly reserved.

 

This Notice is solely directed to the holders of the Notes and should not be relied upon or used by any other person.

 

"Greater London Portfolio

 

The loan comprises two office buildings in London: 55 Old Broad Street, EC2 located in the City of London and 25 Camperdown Street, E1 located on the eastern fringe of the City of London.

 

LPA Receivers appointed have advised the Special Servicer that following the exchange of contracts on 30 May 2012 in respect of the 55 Old Broad Street asset, completion occurred as scheduled on 29 June 2012.

 

A gross sale price of £54.15m was achieved for 55 Old Broad Street: this is in line with a recent valuation commissioned by the Special Servicer.

 

This follows the sale of the Central House asset which completed on 15 June 2012 at a gross sale price of £8.6m, representing a 6.2% premium to a recent valuation commissioned by the Special Servicer."

 

 

 

 

 

By:

Indus (Eclipse 2007-1) plc

35 Great St Helen's

London

EC3A 6AP

                       

cc:                                                

BNY Mellon Corporate Trustee Services Limited

One Canada Square

London

E14 5AL

(in its capacity as Trustee)

Date: 2 July 2012

 

 

 

 

 

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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