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RDLZ - RDL Realisation News Story

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Position in Universe th / 1803

BRIEF-RDL Realisation Updates On Loans Secured By Vehicle Service Contracts

Wed 7th August, 2019 7:23am
Aug 7 (Reuters) - RDL Realisation PLC  RDL.L :
    * ENTERED INTO AGREEMENT THAT HAS REFINANCED ENTIRE BALANCE
OF
LOANS, SECURED BY VEHICLE SERVICE CONTRACTS
    * AS OF AUGUST 6, CO RECEIVED PAYOFF OF ALL OF OUTSTANDING
OBLIGATIONS SECURED BY VSCS TOTALLING $27.9 MILLION
    * CO STILL HAS $4.5 MILLION ENTERPRISE VALUE LOAN
OUTSTANDING TO A
RELATED ENTITY OF VSC PLATFORM
    * INTENDS TO ANNOUNCE A FURTHER SPECIAL DIVIDEND FOLLOWING
REFINANCING OF LOAN

Source text for Eikon:  ID:nRSG1653Ia 
Further company coverage:  RDL.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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