Company name Titan Europe 2007-2
Headline MPC Portfolio Loan Update


RNS Number : 3266Z
Titan Europe 2007-2 DAC
16 May 2019
 

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

IMPORTANT NOTICE TO THE HOLDERS OF

Class A1 Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0302915060 / X80302920904)

Class X Commercial Mortgage Backed Floating Rate Notes due 2017

(X30303036445 / XS0303038813)

Class A2 Commercial Mortgage Backed Floating Rate Notes due 2017

(X80302916381/XS0302921381)

Class B Commercial Mortgage Backed Floating Rate Notes due 2017

(X30302917272 / XS302922942)

Class C Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0302917512 / XS0302923916)

Class D Commercial Mortgage Backed Floating Rate Notes due 2017

(XS03029 17868 / XS0302925457)

Class E Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0302919138 / XS0302927669)

Class F Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0302919641 / XS0302928717)

Class G Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0302920730 / XS0302930531)

Class V Commercial Mortgage Backed Floating Rate Notes due 2017

(XS0303038144 / XS0303039894)

issued by

 

TITAN EUROPE 2007-2 DESIGNATED ACTIVITY COMPANY (the "Issuer")

together referred to as the "Notes"

 

The Notes are admitted to trading on the regulated market of The Irish Stock Exchange Limited.

Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (market abuse regulation) requires disclosure by or on behalf of the Issuer of any inside information concerning the Issuer.

Capitalised terms used but not otherwise defined in this notice have the meaning given to them in the Offering Circular dated 18 June 2007.

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

The following notice has been prepared by and issued at the request of the Special Servicer. The Issuer has not independently verified the information contained in this notice. Accordingly the Special Servicer hereby gives notice of the following:

 

 

 

 

MPC Portfolio Loan Update

 

The Special Servicer hereby confirms that the sale of the following four assets have completed for a total gross sales price of €11,265,292: Zuidersingel in Leeuwarden, Keulenstraat in Deventer, Rietbaan in Capelle and Baron van Nagelstraat in Barneveld.

 

In line with the loan documentation, 55% of the net sales price, being the portion applicable to the A1 tranche will be applied against the securitised loan balance at the next Loan payment date in July 2019.

 

The successor Special Servicer is progressing the sale on the final remaining asset, Rivium Boulevard in Capelle.

 

Queries relating to the above should be addressed to msms-investors@mountstreetllp.com

 

Ref: Titan Europe 2007-2 DESIGNATED ACTIVITY COMPANY

Date of notification: 16 May 2019

 

 

 

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


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