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Industrial Multi Tst (IMPT)

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Wednesday 17 May, 2017

Industrial Multi Tst

Update on Loan Facilities

RNS Number : 4098F
Industrial Multi Property Trust PLC
17 May 2017
 

 

INDUSTRIAL MULTI PROPERTY TRUST PLC (THE "COMPANY")

Update on loan facilities

The Company announces that it has entered into a new unsecured loan facility agreement under which Hansteen Holdings plc ("Hansteen") will provide a loan facility of up to £20,000,000 to the Company, with an interest rate of 10% per annum (the "Hansteen Loan Facility"). The Hansteen Loan Facility expires on 5 December 2018 and there are no prepayment or exit fees on an early repayment of the facility. The proceeds of the Hansteen Loan Facility will be applied to fully repay an existing mezzanine loan agreement between certain subsidiaries of the Company and Europa Mezzanine Finance S.arl dated 5 December 2013.

 

 

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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