Advancement of Loan

RNS Number : 6040G

ICG-Longbow Snr Sec UK Prop DebtInv

10 June 2013

 

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

10 June 2013

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

Advancement of Loan

The Company has completed its first transaction with an £18m loan to subsidiaries of the Mansion Student Accommodation Fund. The 6 year facility is secured by a first charge on two purpose built student accommodation blocks in Birmingham and Glasgow. The loan is fully compliant with the parameters set out in the Prospectus.

For further information, please contact:

Heritage International Fund Managers Limited:
Mark Huntley James Christie	[phone]
Investec Bank plc:
Tim Mitchell	[phone]
Jeremy Ellis
Maitland Consultancy Limited:
Tom Eckersley	[phone]

Further information on the Company can be found on its Investment Manager's website at http://www.icglongbow.co.uk.

 

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