Company name Eurosail-UK 2007-4BL
Headline Notice to Noteholders


RNS Number : 5332H
Eurosail-UK 2007-4BL Plc
12 July 2012
 

NOTICE OF RESULTS OF MEETING

 

IMPORTANT NOTICE TO THE HOLDERS OF THE

 

Class A2a  €230,000,000 mortgage backed floating rate notes due June 2045

(the "Class A2a Notes") (Rule 144A ISIN: US29881BAD01 CUSIP: 29881BAD0

Reg S ISIN: XS0311680747)

Class A3a €150,000,000 mortgage backed floating rate notes due June 2045

(the "Class A3a Notes") (Rule 144A ISIN: US29881BAG32 CUSIP: 29881BAG3

Reg S ISIN: XS0311702657

Class A3c £111,690,000 mortgage backed floating rate notes due June 2045

(the "Class A3c Notes") (Rule 144A ISIN: US29881BAJ70 CUSIP: 29881BAJ7

Reg S ISIN: XS0311704356)

Class B1a €52,000,000 mortgage backed floating rate notes due June 2045

(the "Class B1a Notes") Rule 144A ISIN: US29881BAK44 CUSIP 29881BAK4

Reg S ISIN: XS0311705759)

Class C1a €55,000,000 mortgage backed floating rate notes due June 2045

(the "Class C1a Notes") (Rule 144A ISIN: US29881BAN82 CUSIP: 29881BAN8

Reg S ISIN: XS0311708696)

Class D1a  €36,000,000 mortgage backed floating rate notes due June 2045

(the "Class D1a Notes") (Rule 144A ISIN: US29881BAR96 CUSIP: 29881BAR9

Reg S ISIN: XS0311713001)

Class E1c £10,220,000 mortgage backed floating rate notes due June 2045

(the "Class E1c Notes") (Reg S ISIN: XS0311717416)

Class N £29,200,000 mortgage backed floating rate notes due June 2045

(the "Class N Notes") (Reg S ISIN: XS0311720394)

10,000 Residual Certificates

(the "Residual Certificates") (ISIN: XS0311833247)

 

issued by

EUROSAIL-UK 2007-4BL PLC

(the "Issuer")

on or about 16 August 2007

 

Capitalised terms used but not defined in this notice shall have the meanings ascribed to them in the Notice of Meetings (as defined below).

NOTICE IS HEREBY GIVEN to the Noteholders that, at separate Meetings of the holders of the Class A2a Notes, Class A3a Notes and Class A3c Notes convened by the Notice to Noteholders dated 11 June 2012 (the "Notice of Meetings") and held at Reed Smith LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2RS on Tuesday 10 July 2012 at 10.30 a.m., 10.35 a.m. and 10.40 a.m. London time respectively, the Extraordinary Resolution (set out in the Notice of Meetings and appended to this notice) was duly passed by the holders of the Class A2a Notes, Class A3a Notes and Class A3c Notes.

As a consequence of the Extraordinary Resolution having been passed the entry by the Issuer into the Termination and Settlement Agreement with LBSF, the Trustee and LBHI has been sanctioned and the Issuer shall proceed with its execution.

This Notice is given by the Issuer.

12 July 2012.



APPENDIX

EXTRAORDINARY RESOLUTION

"THAT this Meeting of the holders of [Class A2a  €230,000,000 mortgage backed floating rate notes due June 2045 (Rule 144A ISIN: US29881BAD01 CUSIP: 29881BAD0 Reg S ISIN: XS0311680747)/  Class A3a €150,000,000 mortgage backed floating rate notes due June 2045 (Rule 144A ISIN: US29881BAG32 CUSIP: 29881BAG3 Reg S ISIN: XS0311702657/ Class A3c £111,690,000 mortgage backed floating rate notes due June 2045 (Rule 144A ISIN: US29881BAJ70 CUSIP: 29881BAJ7 Reg S ISIN: XS0311704356)]  of Eurosail-UK 2007-4BL PLC  presently outstanding (the Notes and the Issuer respectively) constituted by the Trust Deed dated 16 August 2007 (the Trust Deed) made between the Issuer and BNY Mellon Corporate Trustee Services Limited (the Trustee) as trustee for, among others, the holders of the Notes (the Noteholders) hereby:

1.         sanctions the entry by the Issuer into a termination and settlement agreement with Lehman Brothers Special Financing Inc. (LBSF), the Trustee and Lehman Brothers Holdings Inc. (LBHI) in relation to the settlement of the Issuer's claims against LBSF and LBHI under the Hedging Agreements and in substantially the form of the draft produced to this meeting and for the purpose of identification signed by the Chairman thereof with such amendments as the Trustee shall require or concur in (the Termination and Settlement Agreement)

(the Proposal);

2.         sanctions every abrogation, modification, compromise or arrangement in respect of the rights of the Trustee or the Noteholders against the Issuer, whether or not such rights arise under the Trust Deed or any other Transaction Document, involved in or resulting from or to be effected by, the Proposal and its implementation;

3.         authorises, directs, requests and empowers the Trustee to concur with the Proposal, to execute the Termination and Settlement Agreement and to execute and do all such other deeds, instruments, acts and things as may be necessary or appropriate to carry out and give effect to this Extraordinary Resolution and the implementation of the Proposal;

4.         discharges and exonerates the Trustee from all liability for which it may have become or may become responsible under the Trust Deed or the Notes in respect of any act or omission in connection with this Extraordinary Resolution; and

5.         acknowledges that capitalised terms used but not otherwise defined herein shall have the meanings ascribed to them in the Master Definitions Schedule attached as Schedule 1 to a Master Securitisation Agreement dated 16 August 2007 between, amongst others, the Issuer and the Trustee."

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

 

 


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