Deco 12-UK 4 plc IRSH Notice of Standby Drawing

  Deco 12-UK 4 plc (IRSH) - Notice of Standby Drawing

RNS Number : 7098G
Deco 12-UK 4 plc
02 July 2012
 

Company name Deco 12-UK 4 plc
Headline     Notice of Standby Drawing

                                                                              

                                                                              

                                                                   2 July 2012

                                                                              

                     Deco 12 - UK 4 P.L.C. (the "Issuer")

                                       

  £475,000,000 Class A-1 Commercial Mortgage Backed Floating Rate Notes due
                                    2020;

  £115,000,000 Class A-2 Commercial Mortgage Backed Floating Rate Notes due
                                    2020;

 £35,000,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2020;

 £28,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2020;

 £16,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2020;

 £2,750,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2020;
                                     and

 £1,133,707 Class F Commercial Mortgage Backed Floating Rate Notes due 2020,

                           (together, the "Notes")

 

 

Capitalised terms used but not otherwise defined in this notice shall have the
meaning ascribed to them  in the Master Definitions  Agreement dated 13  March 
2007.

 

We refer to  the multi-currency liquidity  facility agreement (the  "Liquidity 
Facility Agreement") dated 13 March 2007  and made between, among others,  the 
Issuer, Danske Bank  A/S, London  Branch as Liquidity  Facility Provider  (the 
"Liquidity Facility  Provider"),  Deutsche  Bank AG,  London  Branch  as  Cash 
Manager and Deutsche Trustee Company Limited as Note Trustee.

As of  30 May  2012 the  Liquidity Facility  Provider's short-term  rating  by 
Standard & Poor's Rating  Services, a division  of The McGraw-Hill  Companies, 
has been downgraded to A-2. On the same date, Moody's downgraded the Liquidity
Facility Provider's short-term rating to P-2.

Since the Liquidity Facility Provider does  not have a credit rating from  all 
of the Rating Agencies which is equal to or better than the Liquidity Facility
Requisite Rating, on  1 June  2012 the Issuer  requested the  drawdown of  the 
Stand-by Liquidity Loan from the Liquidity Facility Provider in the amount  of 
GBP 33,376,755.00, being the Available Liquidity Facility Commitment.

The funds were received on 8 June 2012.

 

 

 

 

 

 

Queries may be addressed to the Issuer as follows:

Deco 12 - UK 4 P.L.C.

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London

EC2R 7AF

Attention:          Mark Filer

Telephone:        +44 (0) 20 7397 3600

Fax:                  +44 (0) 20 7397 3601

Ref:                  Deco 12 - UK 4 P.L.C.

This Notice is given by the Issuer.

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
 
END
 
 
ISEUUAVRUVABRAR -0- Jul/02/2012 15:15 GMT