Concord Real Estate CDO 2006-1, Ltd. to Fail Par Value Test
BOSTON, Feb. 4, 2013 (GLOBE NEWSWIRE) -- WRP Management LLC, the collateral
manager of Concord Real Estate CDO 2006-1, Ltd. ("CDO"), announced today that
due to a default of a loan held by the CDO, a par value test will not be
satisfied with the February determination date which will result in interest
payments that otherwise would be payable to the Class D, E and F Notes being
used to amortize the Class A-1 Notes.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995.With the exception of the historical information contained in this news
release, the matters described herein contain "forward-looking" statements
that involve risk and uncertainties that may individually or collectively
impact the matters herein described. Forward-looking statements, which are
based on certain assumptions and describe Concord's future plans, strategies
and expectations, are generally identifiable by use of the words "believes,"
"expects," "intends," "anticipates," "estimates," "projects" or similar
expressions. Concord undertakes no obligation to publicly release the results
of any revisions to those forward-looking statements which may be made to
reflect events or circumstances after the occurrence of unanticipated events.
Accordingly, there is no assurance that Concord's expectations will be
CONTACT: WRP Management LLC
Investor or Media Inquiries
Phone: (617) 570-4600; e-mail: firstname.lastname@example.org
Press spacebar to pause and continue. Press esc to stop.