Nice Rns...14 Feb 2014 07:54
This could really move today... So few shares on offer!
Fri, 14th Feb 2014 07:00
RNS Number : 0694A
Globalworth Real Estate Inv Ltd
14 February 2014
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Globalworth Real Estate Investments Limited
Globalworth signs Euro 65m bank facility with UBS
Guernsey, 14 February 2014: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or "the Company"), the real estate investment company targeting opportunities in Romania and the broader SEE and CEE regions, is pleased to announce that it has signed a short-term holding level bank debt facility for up to Euro 65 million with UBS. The arrangement of this facility is consistent with the Company's stated plans to use debt financing to improve returns on investments.
Dimitris Raptis, Deputy CEO and Chief Investment Office of the Company, said: "The granting of this facility by one of the world's largest financial institutions constitutes a milestone in the development of Globalworth's portfolio. This step underscores the management of Globalworth's belief in the future prospects of the Company".
William Gallagher, Co-Head of Special Situations and Emerging Markets Lending in EMEA at UBS, said "Through the provision of this debt facility, UBS is pleased to support Globalworth's development plans and to help it achieve its ambitions in the years to come."
For further information visit www.globalworth.com or contact:
EastWest Partners (Financial Adviser)
David Hill