SWEF : Investment Update

Starwood European Real Estate Finance Ltd (SWEF)
SWEF : Investment Update

18-May-2018 / 16:56 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


18 May 2018

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

Starwood European Real Estate Finance Limited: Loan repayment

Starwood European Real Estate Finance Limited (the "Company" and, together with its subsidiaries, the "Group") announces that it has received full repayment of £26.85 million in relation to the loan advanced to a Channel Islands Hotel company.

The Company constantly seeks to minimise cash drag from repayments and often manages repayment events by using the revolving credit facilities available to it.  The proceeds of these repayments will be used to partially repay current drawings on the revolving credit facility.  Expected net debt following this repayment is approximately £44 million.

For further information, please contact:

Ipes (Guernsey) Limited as Company Secretary - 01481 755143

Lucy Brehaut

 

Starwood Capital - 020 7016 3655

Duncan MacPherson

 

Stifel Nicolaus Europe Limited - 020 7710 7600

Neil Winward

Mark Bloomfield

Gaudi Le Roux

 

Notes:

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.

 



ISIN: GG00B79WC100
Category Code: PFU
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 5569
EQS News ID: 687861

 
End of Announcement EQS News Service

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