IERE Invista Euro.

TIDMIERE

RNS Number : 3687Q

Invista European Real Estate Trust

11 October 2013

11 October 2013

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust over-amortizes debt

Debt Reduction

The Company announces that it has used EUR1.9 million from its existing cash balances to make a further repayment of the senior debt facility, thereby reducing the Loan to Value ("LTV"), as defined in the bank facility agreement, to below 70%. This payment follows the September valuation of the Company's property assets, which resulted in a decline in the portfolio's value by 2.09% to EUR325.55 million. The over-amortization will enable the Company to benefit from a continuation of the current interest rate margin while meeting the debt LTV covenants currently set at 70% LTV.

The Company will continue to review the strategic use of cash with reference to its investment objectives.

 
  Ludovic Bernard 
 Internos Global Investors    020 7355 8800 
 
 Michael Sandler 
 Hudson Sandler               020 7796 4133 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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