Company name BFC Genesee CDOLd&Cp
Headline Notification of Public Disposition of Collateral


RNS Number : 1512H
BFC Genesee CDO Ltd &(Delaware)Corp
06 July 2012
 



Corporate Trust Services

9062 Old Annapolis Road,

Columbia, MD 21045-1951

MAC: N2702-011


 

NOTIFICATION OF PUBLIC DISPOSITION OF COLLATERAL

July 6, 2012

To:

BFC Genesee CDO Ltd.

c/o Walkers SPV Limited

Walker House

87 Mary Street

George Town, Grand Cayman KY1-9002

Cayman Islands

Attention: The Directors

BFC Genesee CDO (Delaware) Corp.

c/o Puglisi & Associates

850 Library Avenue, Suite 204

Newark, Delaware 19711

Attention: Donald Puglisi

 

From:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: CDO Trust Services - Nicole Burke and Dan Cohen

Facsimile No.: 866-373-0261

Phone No.: (410) 884-2198 & (443) 367-3925

 

 

 

 

 

 

 

Name of Debtors:         BFC Genesee CDO Ltd., as Issuer  (the "Issuer")

                                    BFC Genesee CDO (Delaware) Corp., as Co-Issuer 

                                    (the "Co-Issuer")

 

            We will sell the property described on Exhibit A attached hereto (the "Collateral") to the highest qualified bidder or bidders in two public sales as set forth below (the "Sales").  The Trustee has retained Dock Street Capital Management LLC ("DSCM") to act as its liquidation agent for the Collateral.  To request more information from DSCM about the Sales or the Collateral, including how to participate in the Sales, contact David Crowle or Jeffrey Holtman by e-mail at dcrowle@dockstreetcap.com or jholtman@dockstreetcap.com, respectively by phone at (212) 457-8258, by facsimile at (212) 457-8269 or by mail addressed to 575-B Riverside Avenue, Westport, Connecticut 06880.

 


DAY AND DATE

TIME

Public Sale No. 1

Public Sale No. 2

 

 

PLACE

The Sales will be held at 575-B Riverside Avenue, Westport, CT 06880.

 

            You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell.  You may request an accounting by contacting Nicole Burke by phone at (410) 884-2198 or by e-mail at Nicole.C.Burke@wellsfargo.com or Dan Cohen by phone at (443) 367-3925 or by email at daniel.cohen@wellsfargo.com with questions.

 

            Nothing herein is intended to, or shall, waive any term or provision of that certain Indenture among the Issuer, the Co-Issuer and Wells Fargo Bank, National Association, as trustee and securities intermediary (the "Trustee") dated as of February 28, 2006 (as amended, modified or supplemented from time to time, the "Indenture") or any rights of the Trustee thereunder, all of which are hereby fully reserved.

 

 

                                                                                    WELLS FARGO BANK, NATIONAL           ASSOCIATION, as Trustee

 

cc:

 

Holders of Notes and Preferred Shares:* 

05539MAA8, 05539MAB6, 05539MAD2, 05539MAE0, 05539H200, 05539MAC4

05539H309, G1088CAB5, G1088CAC3, G1088CAD1

 

Rating Agencies:

Moody's Investors Service, Inc.

7 World Trade Center

250 Greenwich Street

New York, New York 10007

Attention: CBO/CLO Monitoring

Facsimile No.: (212) 553-0355

E-mail: cdomonitoring@moodys.com

 

Standard & Poor's

55 Water Street, 41st Floor

New York, New York 10041-0003

Facsimile No.: (212) 438-2664

Attention: Structured Finance Ratings

Asset-Backed Securities CBO/CLO Surveillance

E-mail: CDO_Surveillance@standardandpoors.com

 

Paying and Transfer Agent:

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: CDO Trust Services - BFC Genesee CDO Ltd.

 

Collateral Manager:

Braddock Financial Corporation

Tabor Center

1200 17th Street, Suite 880

Denver, Colorado 80202

Attention: Matt Talkington

 

Issuer:

BFC Genesee CDO Ltd.

c/o Walkers SPV Limited

Walkers House

87 Mary Street

George Town, Grand Cayman KY1-9002

Cayman Islands

Attention: The Directors

 

Co-Issuer:

BFC Genesee CDO (Delaware) Corp.

c/o Puglisi & Associates

850 Library Avenue, Suite 204

Newark, Delaware 19711

Attention: Donald Puglisi

 

Cap Provider:

AIG Financial Products Corp.

50 Danbury Road

Wilton, Connecticut 06897-4444

Attention: Chief Financial Officer

 

Synthetic Security Counterparty:

JPMorgan Chase Bank, National Association (successor to Bear, Stearns International Limited)

245 Park Avenue

New York, New York 10017-2507

Attention: Raymond Richards

 

Irish Stock Exchange:

The Company Announcements Office

The Irish Stock Exchange

28 Anglesea Street

Dublin 2 Ireland

Facsimile No.: + 353 1 677 6045

E-mail (in Microsoft Word format): announcements@ise.ie

 

 

Irish Listing Agent:

Grant Thornton

24-26 City Quay

Dublin 2, Ireland

 

 

 


EXHIBIT A

 

 

Public Sale No. 1: Thursday, July 19, 2012, 10:00 a.m. EDT

 

 

Lot #

CUSIP

Issue

Asset Type

 Original Face

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Public Sale No. 2: Thursday, July 19, 2012, 2:00 p.m. EDT

Lot #

CUSIP

Issue

Asset Type

 Original Face

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 



*  The Trustee shall not be responsible for the use of the CUSIP, CINS, ISIN or Common Code numbers selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Note or Preferred Share. The numbers are included solely for the convenience of such holders. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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