Portfolio Update

RNS Number : 7089C

ICG-Longbow Snr Sec UK Prop DebtInv

21 October 2020

 

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

21 October 2020

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

Portfolio Update

The Company has received repayment in full of the BMO Partners loan, following a refinancing of the underlying properties by a third party lender. The repayment of £11.3 million was accompanied by interest and fees of £0.25 million, and will be used to repay drawings on the Company's revolving credit facility together with funding requirements on its existing investment commitments.

The Company is seeing a strong pipeline of attractive opportunities at present, and has agreed terms on two new transactions which are progressing through final due diligence. 

An announcement on interest collection for the third quarter will be made in early November.

For further information, please contact:

Ocorian Administration (Guernsey) Limited:
Louise Manklow	[phone]
Cenkos Securities plc:
Will Rogers	[phone]
Maitland Consultancy Limited:
Rebecca Mitchell ICG Longbow: Martin Wheeler David Mortimer	[phone] [phone] [phone]

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

ICG Longbow LEI: 2138008BKBH3OP2CA764

 

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