1 Aug 2013 15:15
Treveria PLC
("Treveria" or the "Company")
Update re Debt Facilities
Silo G (JP Morgan, syndicated loan)
Further to the announcement made on 31 May 2013, Treveria is pleased to announce that the Silo G loan facility has been repaid in full in compliance with the extended maturity date.
The full repayment of the Silo G loan has been possible thanks to sustained progress under our sales program of Silo G assets. During the course of 2013 to date, a total of three Silo G assets have been sold amounting to gross proceeds of €7.60m. The sale of a further three assets is currently in negotiation.
Silo F/K (Hypotheken Bank, formerly Eurohypo)
Further to the investment update on 2 July 2013, Hypotheken Bank has agreed to a further one-month extension of the existing standstill agreement to 30 August 2013, as we continue to work towards the implementation of a restructuring agreement for Silo F and K.
Treveria will provide a further update on the on-going negotiations when appropriate.
Further information, please contact:
IOMA Fund and Investment Management Limited
Graham Smith +44 (0) 1624 681 250
N+1 Singer
James Maxwell/Nick Donovan +44 (0) 20 7496 3000