ICG-Longbow Snr Sec UK Prop DebtInv Portfolio Update (5554N)
October 27 2016 - 1:01AM
UK Regulatory
TIDMLBOW
RNS Number : 5554N
ICG-Longbow Snr Sec UK Prop DebtInv
27 October 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
27 October 2016
ICG-Longbow Senior Secured UK Property Debt Investments Limited
(the Company)
Portfolio Update
The borrower under the Group's(1) RAEES International loan has
completed a refinancing of the properties which provided security
for the Group's loan. As a result, the GBP13.25 million loan has
been repaid in full, together with interest, exit and prepayment
fees of approximately GBP1.8m in aggregate. The proceeds of this
repayment will be received by the Company shortly.
The Investment Manager has an encouraging pipeline of potential
transactions in which the Group could reinvest these proceeds, and
will seek to do so in the manner most accretive to
shareholders.
For further information, please contact:
Heritage International Fund
Managers Limited:
Mark Huntley +44 (0)14 8171
James Christie 6000
Cenkos Securities plc
Will Rogers +44 (0)20 7397
1920
Maitland Consultancy Limited:
Rebecca Mitchell +44 (0)20 7379
Seda Ambartsumian 5151
Further information on the Company can be found on its website
at http://www.lbow.co.uk.
(1) Group refers to the two companies within the group
structure, ICG-Longbow Senior Secured UK Property Debt Investments
Limited and ICG Longbow Senior Debt SA.
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFULLFSEITLRFIR
(END) Dow Jones Newswires
October 27, 2016 02:01 ET (06:01 GMT)
Icg-longbow Senior Secur... (LSE:LBOW)
Historical Stock Chart
From Apr 2024 to May 2024
Icg-longbow Senior Secur... (LSE:LBOW)
Historical Stock Chart
From May 2023 to May 2024
