Lanos Loan Repayment

RNS Number : 6658A

ICG-Longbow Snr Sec UK Prop DebtInv

27 March 2017

 

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

27th March 2017

ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)

Portfolio Update

The borrower under the Group's Lanos (York) loan has completed a refinancing of the property which provided security for the Group's loan.  As a result, the £10 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately £1.1 million in aggregate. 

The Investment Manager is seeking to reinvest these proceeds under the Group's new investment policy, and has built a pipeline of potential opportunities for redeployment.

For further information, please contact:

Heritage International Fund Managers Limited:
Mark Huntley James Christie			[phone]
Cenkos Securities plc Will Rogers	[phone]
Maitland Consultancy Limited:
Rebecca Mitchell Seda Ambartsumian		[phone]

Further information on the Company can be found on its website at http://www.lbow.co.uk.

 

END

 

 

PFUPGUPGWUPMGQM