REG - ICG-Longbow Senior - Portfolio Update

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

15/10/2018 07:05

RNS Number : 9615D
ICG-Longbow Snr Sec UK Prop DebtInv
15 October 2018
 


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
 
 
15 October 2018
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Portfolio Update
 
 
The borrower under the Group's Hulbert loan has completed a sale and refinancing of the properties which provided security for the Group's loan.  As a result, the £6.565 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately £0.26 million in aggregate. 
 
As highlighted in the Company's Interim Financial Statements, the Investment Manager has an encouraging pipeline of opportunities in which it is seeking to reinvest these proceeds in the near term.
 
 
For further information please contact:



Estera International Fund Managers (Guernsey) Limited:




James Christie
 


+44 (0)14 8174 2742




Cenkos Securities:




Will Rogers
Alex Collins
 


+44 (0)20 7397 1920
+44 (0)20 7397 1913
 




Maitland Consultancy Limited:




Rebecca Mitchell


+44 (0)20 7379 5151
 




ICG-Longbow
Martin Wheeler
David Mortimer                 


 
+44 (0)20 3201 7502
+44 (0)20 3201 7532



 
Further information on the Company can be found on its website at http://www.lbow.co.uk.
 
 




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