Portfolio Update

RNS Number : 7916T

ICG-Longbow Snr Sec UK Prop DebtInv

29 November 2021

 

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

29 November 2021

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

Portfolio Update

The Company has received repayment in full of the £7.8 million Knowsley loan, following a sale of the underlying property.  The repayment is accompanied by interest and exit fees of approximately £0.2 million in aggregate.   Additionally, the Company has received further partial repayments of the Quattro loan, totalling £0.9 million in aggregate.

As a result of the repayments, the Company expects to make a second capital distribution to shareholders and a further announcement will be made in due course. 

For further information, please contact:

Ocorian Administration (Guernsey) Limited
Louise Manklow	[phone]
Cenkos Securities:
Will Rogers	[phone]
ICG Real Estate Martin Wheeler David Mortimer	[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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