RESTRUCTURING OF TERMINAL BROVARY EBRD LOAN

RNS Number : 0187B

Secure Property Dev & Inv PLC

31 December 2014

 



31 December 2014

SECURE PROPERTY Development & Investment PLC

(the "Company")

RESTRUCTURING OF TERMINAL BROVARY EBRD LOAN

SECURE PROPERTY Development & Investment, the South East Europe focused property investment company announces that it has agreed with the European Bank for Reconstruction and Development ("EBRD") in successfully concluding the restructuring EBRD's loan to LLC Terminal Brovary, the subsidiary of the Company which owns the Terminal Brovary Logistic Park in Kiev.

Terminal Brovary is fully let to a number of international tenants, producing US$ 3miliion of annual net operating income. The loan's current amount outstanding is US$14.4 million and its repayment schedule has been extended to December 2022 including a balloon payment of US$3.6 million. No further amounts will be drawn down from this facility.  

- Ends -

Enquiries:

SECURE PROPERTY Development & Investment plc   + 380 44 459 3000

Lambros Anagnostopoulos                                                     www.secure-property.eu

Constantinos Bitros

SP Angel Corporate Finance LLP (NOMAD)

Tercel Moore                                                                           [phone]

Jeff Keating

FTI Consulting                                                                      [phone]

Richard Sunderland

Nick Taylor

 

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