REG - ICG-Longbow Senior - Portfolio Update

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

29/05/2025 10:15

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RNS Number : 6041K  ICG-Longbow Snr Sec UK Prop DebtInv  29 May 2025

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29 May 2025

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

Portfolio Update

 

The Company, through its appointed receiver, has exchanged contracts to sell
the property securing the Affinity loan. Completion is expected to occur in
June 2025.

After deducting costs and fees associated with the sale, the Company expects
to receive net consideration in excess of £10.0 million, with the final
proceeds being subject to customary adjustments at the completion date.  A
sale at this level is approximately 5% above the current carrying value of the
loan, after deduction of impairments.

Following completion of the sale, the Company intends to make a capital
distribution to shareholders and will provide a further update in due course.

For further information, please contact:

 

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

 Cavendish:
 Robert Peel                                                  +44 (0)20 7220 0572

 Daniel Balabanoff                                            +44 (0)20 7397 1909

 

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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