87TI Daneion 07-1 A

TIDM87TI

RNS Number : 2760U

Daneion 2007-1 PLC

19 December 2011

RNS ANNOUNCEMENT

DANEION 2007-1 PLC (the Issuer)

EUR1,581,500,000 Class A Asset Backed Floating Rate Notes due 2014

(ISIN: XS0332722353)

EUR912,500,000 Class B Asset Backed Floating Rate Notes due 2014

(ISIN: XS0332722437)

1. All capitalised terms used but not otherwise defined herein shall have the same meaning ascribed to them in the prospectus of the Issuer dated 21 November 2007 (the Prospectus).

2. Pursuant to an agreement dated 19 December 2011 between Daneion APC Limited (APC), UBS AG, London Branch (UBS), EFG Eurobank Ergasias S.A. (Eurobank EFG) and Citicorp Trustee Company Limited (Citicorp) (the Novation Agreement), UBS has transferred by novation to Eurobank EFG all its rights, liabilities, duties and obligations under the transactions (the Series 2007-1 Swap Transactions) under the Series 2007-1 Swap Agreement (as defined in the Series 2007-1 Supplement) with effect from the date thereof. The Confirmations in respect of the Series 2007-1 Swap Transactions together with the ISDA Master Agreement (Multicurrency - Cross Border) and the Schedule dated 19 December 2011 between APC, Eurobank EFG and the APC Security Trustee comprise the replacement Series 2007-1 Swap Agreement.

3. Pursuant to the terms of a side letter dated 19 December 2011 (the Side Letter) between UBS, the APC, Eurobank EFG and the APC Security Trustee, such parties have agreed in respect of the amendment letters relating to the Series 2007-1 Swap Transactions effecting the changes described in the RNS announcement by the Issuer on 19 December 2011 (the Amendment Letters), with effect from (and including) the date of the Novation Agreement, that the APC and UBS are each released and discharged from further obligations to each other with respect to each Amendment Letter and their respective rights against each other under each Amendment Letter are cancelled and that the APC and Eurobank EFG each undertake liabilities and obligations towards the other and acquire rights against each other identical in their terms to each corresponding Amendment Letter.

4. Pursuant to (i) a Global Issuer Amendment Deed and Noteholder Consent (the Global Issuer Amendment Deed and Noteholder Consent) between the Issuer, the APC, Holdings, the Note Trustee, the Principal Paying Agent, the Agent Bank, the Issuer Account Bank, the Issuer Cash Manager, the Issuer Corporate Services Provider, the Expenses Loan Provider, the Purchaser, the Replacement Issuer Account Bank, the Replacement Issuer Cash Manager, the Class A Noteholder and the Class B Noteholder, (ii) a Global APC Amendment Deed and Loan Noteholder Consent (the Global APC Amendment Deed and Noteholder Consent) entered into between the APC, the Loan Noteholder, the Transferor, the Servicer, the APC Subordinated Loan Provider, the APC Deposit Account Bank, the Replacement APC Cash Manager, the Replacement APC Account Bank, the APC Cash Manager, the APC Account Bank, the APC Registrar, the APC Corporate Service Provider, Eurobank EFG as the Series 2007-1 Swap Provider and the APC APC Security Trustee, (iii) an APC Account Bank Agreement (the APC Account Bank Agreement) entered into between the APC, the APC Account Bank, the APC Cash Manager and the APC Security Trustee and (iv) an Issuer Account Bank Agreement (the Issuer Account Bank Agreement) entered into between the Issuer, the Issuer Account Bank, the Issuer Cash Manager and the Note Trustee, all executed on or about 19 December 2011, the parties thereto agreed to and directed the APC Security Trustee to consent to, inter alia:

a) the removal of Citibank N.A., London Branch as APC Cash Manager and APC Account Bank and the appointment of Eurobank EFG as replacement APC Cash Manager and APC Account Bank;

b) the removal of the rating provisions in all Transaction Documents; and

c) other amendments to the APC Loan Note Issue Agreement, the Servicing Agreement, the Receivables Securitisation Deed, the APC Master Framework Agreement, the Series 2007-1 Supplement to the APC Loan Note Issue Agreement, the Issuer Cash Management Agreement and the Issuer Master Framework Agreement, as set out in the Global APC Amendment Deed and Loan Noteholder Consent and the Global Issuer Amendment Deed and Noteholder Consent.

For further information, please contact:

Date: 19 December 2011

DANEION 2007-1 PLC Third Floor

1 King's Arms Yard

London

EC2R 7AF

   Tel:     +44 (0) 20 7397 3600 
 Fax:    +44 (0) 20 7397 3601 

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

In particular, the Prospectus does not constitute an offer of securities for sale in the United States. This is not for distribution in the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under any relevant securities laws of any state of the United States of America and are subject to U.S. tax law requirements. Subject to certain exceptions, the securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or to persons within the United States of America, as such terms are defined in Regulation S under the Securities Act. There will be no public offering of the securities in the United States.

Your right to access this service is conditional upon complying with the above requirement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAKANFLFFFFF

Daneion 07-1 A (LSE:87TI)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Daneion 07-1 A (LSE:87TI)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024