Advancement of Loan

RNS Number : 4786A

ICG-Longbow Snr Sec UK Prop DebtInv

23 December 2014

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

23^rd December 2014

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

Advancement of Loan

LBOW has completed a new transaction with a £1.75m million loan to First Light Properties Limited. The loan has a maturity date of January 2019 and is fully compliant with the parameters set out in the Prospectus. The loan is secured by a first and only charge against 14 residential units all let on Assured Shorthold Tenancies located in Greater London.

This transaction reinvests the majority of cash held following part repayments on existing loans. This new loan is return accretive to shareholders as the prior part repayments had been protected by prepayment penalties.

For further information, please contact:

Heritage International Fund Managers Limited:
Mark Huntley James Christie	[phone]
Investec Bank plc:
David Anderson	[phone]
Jeremy Ellis
Maitland Consultancy Limited:
Nathalie Falco	[phone]

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

 

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