Summit Germany Limited Debt Repayment (9190H)
March 16 2018 - 2:00AM
UK Regulatory
TIDMSMTG
RNS Number : 9190H
Summit Germany Limited
16 March 2018
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Summit Germany Limited
(the "Company")
Debt repayment
16 March 2018
The Company announces that following receipt of the proceeds
from its recent bond issue, it has repaid existing debt facilities
totalling c. EUR220 million, including a EUR19.5 million loan from
Summit Real Estate Holdings Ltd.
The average interest rate of the repaid facilities was 3.62%
p.a. versus 2.00% p.a. for the senior fixed rate notes issued
pursuant to the bond. This should result in interest cost savings
of c. EUR3.4 million p.a. for the Company.
For further information please contact:
Summit Germany Limited Tel: +44 (0) 1481 700 300
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance
Director
Non-Executive Chairman Tel: +44 (0) 20 7451 7050
Harry Hyman
Carey Group, Company Secretary Tel: +44 (0) 1481 700 300
Sara Bourne
Liberum Capital Limited, Nominated Tel: +44 (0) 20 3100 2222
Adviser and Joint Broker
Chris Clarke / Jill Li
Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900
Mark Connelly
Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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