Portfolio Update

RNS Number : 9615D

ICG-Longbow Snr Sec UK Prop DebtInv

15 October 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

15 October 2018

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

Portfolio Update

The borrower under the Group's Hulbert loan has completed a sale and refinancing of the properties which provided security for the Group's loan.  As a result, the £6.565 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately £0.26 million in aggregate. 

As highlighted in the Company's Interim Financial Statements, the Investment Manager has an encouraging pipeline of opportunities in which it is seeking to reinvest these proceeds in the near term.

For further information please contact:

Estera International Fund Managers (Guernsey) Limited:
James Christie	[phone]
Cenkos Securities:
Will Rogers Alex Collins	[phone] [phone]
Maitland Consultancy Limited:
Rebecca Mitchell	[phone]
ICG-Longbow Martin Wheeler David Mortimer	[phone] [phone]

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

 

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