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Equinox Eclipse 2006 (IRSH)

Equinox Eclipse 2006

Notice to Noteholders
RNS Number : 6449H
Equinox Eclipse 2006-1 Plc
01 December 2015
 

Credit Suisse Securities (Europe) Limited

One Cabot Square

London E14 4QJ

01 December 2015 

 

RE: CLASS B NOTEHOLDER REQUEST TO ORGANIZE CLASS B NOTEHOLDERS FOR APPOINTMENT OF OPERATING ADVISER

NOTE: THIS COMMUNICATION CONTAINS INFORMATION THAT IS OF INTEREST TO THE BENEFICIAL OWNERS OF THE CLASS B NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE CLASS B NOTES IN A TIMELY MANNER.

 

To:          The Noteholders of the £18,500,000 Class B Notes, due 2018 (the "Class B Notes") issued by Equinox (Eclipse 2006-1) plc (the "Issuer") pursuant to a trust deed dated 5 July 2006 (as amended, supplemented or otherwise modified from time to time, the "Trust Deed") between, among others the Issuer and The Bank of New York Trust Company, National Association (as successor to JPMorgan Chase Bank, National Association)

 

cc:            The Bank of New York Trust Company, National Association

(as successor to JPMorgan Chase Bank, National Association)

 

Class B ISIN XS0259280088 18,500,000.00

 

Credit Suisse Securities (Europe) Limited ("Credit Suisse"), together with another holder of Class B Notes (the "Second Class B Noteholder", and together with Credit Suisse, the "Requesting Class B Noteholders") together are the holders of 43.2% of the aggregate Principal Amount Outstanding of the Class B Notes for the time being outstanding. Capitalized terms used herein but not defined herein shall have the meanings set forth in the Trust Deed.

 

The Requesting Class B Noteholders are sending this notice to express their desire to appoint an Operating Adviser with respect to the Loans. Pursuant to the terms and conditions of the Notes, as set out in the Trust Deed, the Operating Adviser will, among other things, have certain rights with respect to certain material actions relating to the Loans.

 

Pursuant to Condition 4.4 of the Notes, an Operating Adviser may only be appointed by way of Extraordinary Resolution. To be passed, the Extraordinary Resolution must be passed at a meeting of the relevant Class of Noteholders duly convened and held in accordance with the Trust Deed by a majority of consisting of not less than three fourths of the persons voting thereat upon a show of hands or if a poll is duly demanded by a majority consisting of not less than three

fourths of the votes cast on such poll. The quorum for such a duly convened meeting of the relevant Class of Noteholders to pass an Extraordinary Resolution is one or more Eligible Persons present and representing in the aggregate more than 50 per cent. in aggregate Principal Amount Outstanding of the relevant Class of Notes for the time being outstanding.

 

As such, the Requesting Class B Noteholders are seeking interest from holders of the Class B Notes who express a similar desire to appoint an Operating Adviser.

 

If you have any questions or are interested in joining us in acting by Extraordinary Resolution to appoint an Operating Adviser, please contact Chris Nias (chris.nias@credit-suisse.com) at Credit Suisse for more information.

 

Yours faithfully

 

 

 

 

 

 

CREDIT SUISSE SECURITIES (EUROPE) LIMITED

 

 

 

 

 

 

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
 
 
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Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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