Starwood European Real Estate Finance Ltd (SWEF) 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 |
|