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Industrial Multi Tst (IMPT)

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Friday 31 March, 2017

Industrial Multi Tst

Update on Loan Facilities

RNS Number : 1332B
Industrial Multi Property Trust PLC
31 March 2017
 

 

INDUSTRIAL MULTI PROPERTY TRUST PLC (THE "COMPANY")

Update on loan facilities

The Company announces that it entered into a new unsecured loan facility agreement on 30 March 2017 under which Hansteen Holdings plc ("Hansteen") will provide an unsecured loan facility of up to £11,500,000 to the Company, with an interest rate of 10% per annum (the "Hansteen Loan Facility"). The term of the Hansteen Loan Facility expires on 5 December 2018 and there are no prepayment or exit fees on an early repayment of the facility and no arrangement fees. The terms of the Hansteen Loan Facility are otherwise materially the same as the facility agreement entered into between the Company and Alpha Real Trust Limited dated 5 December 2013 (the "ART Loan Facility").

 

The proceeds of the Hansteen Loan Facility will be applied to fully repay the ART Loan Facility.

 

This announcement contains inside information.

 

For further information please contact:

 

Industrial Multi Property Trust plc

Philip Scales      Tel: 01624 681250

 

 

Stockdale Securities Limited, Financial Adviser and Broker to Industrial Multi Property Trust

Robert Finlay     Tel: 020 7601 6100

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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