Portfolio Update

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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