REG - ICG-Longbow Senior - Portfolio Update

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

20/05/2019 07:05

RNS Number : 4791Z
ICG-Longbow Snr Sec UK Prop DebtInv
20 May 2019
 


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
 
20th May 2019
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Portfolio Update
 
 
The borrower under the Group's Commercial Regional Space loan has completed a refinancing of the properties which provided security for the Group's loan.  As a result, the £22.4 million loan has been repaid in full, together with accrued interest and exit fees of £0.32 million in aggregate. 
 
The proceeds of the repayment will be applied to pay down the Company's revolving credit facility, and to reinvest in the strong pipeline of new lending opportunities which the Company is currently executing, as highlighted in the Company's Annual Financial Statements.
 
 
For further information please contact:



Estera International Fund Managers (Guernsey) Limited:




Louise Manklow
 


+44 (0)14 8174 2783




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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