May 17, 2016
Credico Finance 8 S.r.l. (the "Issuer")
Euro 369,250,000 Class
A Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467277
(the "Class A Notes" or the "Senior
Notes")
Euro 9,799,382 Class B1 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467285
(the "Class B1 Notes")
Euro 634,712 Class B2 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467301
(the "Class B2 Notes")
Euro 3,977,386 Class B3 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467327
(the "Class B3 Notes")
Euro 1,689,102 Class B4 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467392
(the "Class B4 Notes")
Euro 1,818,813 Class B5 Asset Backed
Floating Rate Notes due July 2046
ISIN: IT0004467418
(the "Class B5 Notes")
Euro 1,535,813 Class B6 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467426
(the "Class B6 Notes")
Euro 937,668 Class B7 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467400
(the "Class B7 Notes")
Euro 2,479,275 Class B8 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467350
(the "Class B8 Notes")
Euro 3,785,432 Class B9 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467343
(the "Class B9 Notes")
Euro 1,836,984 Class B10 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467384
(the "Class B10 Notes")
Euro 1,358,024 Class B11 Notes Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467376
(the "Class B11 Notes")
Euro 2,320,327 Class B12 Notes Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467368
(the "Class B12 Notes")
Euro 4,643,163 Class B13 Notes Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467335
(the "Class B13 Notes")
Euro 1,955,928 Class B14 Asset Backed Floating Rate Notes due July 2046
ISIN: IT0004467293
(the "Class B14 Notes")
(and together with the Class B1 Notes, the Class B2 Notes, the Class B3 Notes, the Class B4 Notes,
the Class B5 Notes, the Class B6 Notes, the Class B7 Notes, the Class B8 Notes, the Class B9 Notes, the Class B10 Notes, the
Class B11 Notes, the Class B12 Notes, the Class B13 Notes, the "Class B Notes"; the Class A Notes and the
Class B Notes, together the "Notes")
NOTICE OF (I) TERMINATION OF THE APPOINTMENT OF DEUTSCHE BANK AG, LONDON BRANCH, AS
ENGLISH TRANSACTION BANK AGENT BANK CASH MANAGER AND PRINCIPAL PAYING AGENT AND DEUTSCHE BANK S.P.A. AS TRANSACTION BANK , COMPUTATION AGENT AND ITALIAN PAYING
AGENT
AND (II) APPOINTMENT IN THEIR SUBSTITUTION OF BNP PARIBAS SECURITIES SERVICES, LONDON
BRANCH AS ENGLISH TRANSACTION BANK AGENT BANK
CASH MANAGER AND PRINCIPAL PAYING AGENT AND BNP PARIBAS SECURITIES SERVICES, MILAN BRANCH, AS TRANSACTION
BANK , COMPUTATION AGENT AND ITALIAN PAYING AGENT
(also for the purpose of the Transparency Directive 2004/109/CE as amended and supplemented from
time to time)
Reference is made to the securitisation transaction (the "Securitisation
Transaction") under which on 2 March 2009 the Notes have been issued by
the Issuer.
Capitalised terms not defined herein shall have the same meaning ascribed to them in the terms and
conditions of the Notes (the "Conditions").
The Issuer intends to announce that, in accordance with the provisions of
the Cash Administration and Agency Agreement (as amended and supplemented from
time to time):
(i) on 31
March 2016 (the "Effective Date"), a replacement
agreement has been executed between, inter alios, the Issuer, the Representative of the Noteholders,
Deutsche Bank AG, London Branch Deutsche Bank S.p.A, BNP Paribas Securities
Services, Milan Branch and BNP Paribas Securities Services, London Branch (the "Replacement Agreement"),
by means of which, starting from the Effective Date, the appointment of Deutsche Bank AG, London Branch, as English Transaction Bank, Agent Bank, Cash Manager and Principal Paying Agent, and of Deutsche Bank
S.p.A as Transaction Bank , Computation Agent and Italian Paying Agent, has been
terminated and, in their substitution, the Issuer has appointed respectively BNP Paribas Securities Services, London Branch as
replacement English Transaction Bank, Agent Bank, Cash Manager and Principal Paying Agent
and BNP Paribas Securities Services, Milan Branch, as replacement Transaction Bank ,
Computation Agent and Italian Paying Agent;
(ii) starting from the Effective Date, (a)
Deutsche Bank AG, London Branch and Deutsche Bank S.p.A have been released and discharged from their
obligations to be performed under the Cash Administration and Agency Agreement and any other Transaction Documents, agreements, documents or letters to which they were a party in their roles as,
respectively, English Transaction Bank, Agent Bank, Cash Manager, Principal Paying Agent and English
Transaction Bank, Agent Bank, Cash Manager and Principal Paying Agent (the
"Relevant Agreements"), and (b) BNP Paribas Securities Services, London Branch
and BNP Paribas Securities Services, Milan Branch have become bound by all the terms of the Relevant
Agreements which were expressed to be binding on the party performing the roles of, respectively, English
Transaction Bank, Agent Bank, Cash Manager and Principal Paying Agent and Transaction Bank , Computation Agent and Italian Paying
Agent, and have acquired all rights and benefits applicable to the roles of, respectively,
English Transaction Bank, Agent Bank, Cash Manager and Principal Paying Agent and Transaction Bank , Computation
Agent and Italian Paying Agent and have become "Other Issuer Creditors" in
such roles;
(iii) on or about the Effective Date, the accounts
opened in the name of the Issuer respectively with Deutsche Bank AG, London Branch and Deutsche Bank S.p.A (the "Accounts") have been closed;
(iv) on or about the Effective Date, (a) new accounts (together the "New
Accounts") have been opened in the name of the Issuer with respectively BNP Paribas Securities Services, Milan Branch and
BNP Paribas Securities Services, London Branch (together, the "New Accounts"); and (b) all funds held by Deutsche Bank AG,
London Branch and Deutsche Bank S.p.A under the Accounts originally held by the Issuer with them have been transferred to the New
Accounts; and
(v) starting from the Effective Date, any
reference in the Relevant Agreements and in the Conditions to the Accounts will be a reference to the accounts held with BNP
Paribas Securities Services, London Branch and BNP Paribas Securities Services, Milan Branch.
Copies of the Replacement Agreement may be inspected during
normal business hours at the registered office of the Representative of the Noteholders.
For further information please contact:
Credico Finance 8 S.r.l.
Via Barberini 47 - 00187 Rome
Italy
Attention: Sole Director
Fax +39 0642013819
For and on behalf of:
Credico Finance 8 S.r.l.
The Sole Director
Dott. Antonio Bertani
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange