REG - ICG-Longbow Senior - Portfolio Update

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

12/05/2023 07:00

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RNS Number : 1779Z  ICG-Longbow Snr Sec UK Prop DebtInv  12 May 2023

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12 May 2023

ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)

Portfolio Update

 

The Company announces that, in conjunction with its co-lenders, it has
appointed an administrator over the borrower of the RoyaleLife loan.  This is
a measure to protect the Company's interests following a winding up petition
being filed by a third party creditor against the borrower under the loan.

Whilst the latest independent third party valuation of the RoyaleLife
portfolio as at 31 January 2023 showed an equity buffer above the Company's
exposure, the Company is considering the impact, if any, of the administration
on the Company's net asset value and will provide further information when
available.

 

The Company is currently finalising its annual report and accounts for the
year ended 31st January 2023, which are expected to be published in the week
commencing 15 May.

 

For further information, please contact:

 

 Ocorian Administration (Guernsey) Limited
 Louise Manklow                                               +44 (0)14 8174 2742

 Cenkos Securities:
 Will Talkington                                              +44 (0)20 7397 1910

 Daniel Balabanoff                                            +44 (0)20 7397 1909

 ICG Longbow

 Clare Glynn                                                  +44 (0)20 3545 2000

 

 

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

ICG Longbow LEI: 2138008BKBH3OP2CA764

 

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