Get Level 2
Less Ads, More Data, More Tools Register for FREE
REMOVE ADS
REMOVE ADS

Latest Share Chat

  2. Share Prices
  3. IERE.L Share Price
  4. IERE.L Share Regulatory News
  5. Over-Amortization of Debt

Pin to quick picksIERE.L Regulatory News (IERE)

IERE.L Information
  • There is currently no data for IERE

Over-Amortization of Debt

16 Jan 2014 07:00

RNS Number : 7617X
Invista European Real Estate Trust
16 January 2014
Β 

ο»Ώ

16 January 2014

Β 

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust over-amortizes debt

Β 

Debt Reduction

Β 

The Company announces that it has used €5.5 million from its existing cash balances to make a further repayment of the senior debt facility, thereby reducing the Loan to Value ("LTV"), as defined in the bank facility agreement, to below 70%. This follows the latest valuation of the Company's property portfolio, which attributed a total value of €316.1 million to IERET's real estate assets as at 31 December 2013. The payment enables the Company to meet its debt LTV covenants currently set at 70% LTV.

Β 

The Company will continue to review the strategic use of cash with reference to its investment objectives.

Β 

Β 

Β 

Β 

Ludovic Bernard

Internos Global Investors

020 7355 8800

Β 

Β 

Michael Sandler

Hudson Sandler

020 7796 4133

Β 

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
MSCQKPDDABKDADD
123456789
Date   Source Headline
29th Dec 20152:20 pmRNSResult of EGM
7th Dec 20155:16 pmRNSAdjourned EGM Voluntary Liquidation
7th Dec 20153:25 pmRNSAdjourned EGM Voluntary Liquidation
26th Nov 201511:37 amRNSAdjournment of Extraordinary General Meeting
27th Oct 20154:25 pmRNSNotice of EGM re Voluntary Liquidation
16th Oct 201512:06 pmRNSChange of Registered Office
14th Sep 20154:36 pmRNSHolding(s) in Company
14th Sep 20158:33 amRNSAnnouncement of Enforcement of Security
11th Sep 20154:49 pmRNSExtension of Standstill Agreement
11th Sep 20152:36 pmRNSAnnouncement of Suspension of Shares
11th Sep 20152:30 pmRNSSuspension
11th Sep 20159:12 amRNSExtension of Standstill Agreement
10th Sep 20154:40 pmRNSSecond Price Monitoring Extn
10th Sep 20154:35 pmRNSPrice Monitoring Extension
7th Sep 20152:05 pmRNSHolding(s) in Company
3rd Sep 201511:48 amRNSExtension of Standstill Agreement
25th Aug 20154:57 pmRNSExtension of Standstill Agreement
18th Aug 20157:00 amRNSExtension of Standstill Agreement
12th Aug 20159:43 amRNSBoard Change
11th Aug 20158:59 amRNSExtension of Standstill
28th Jul 20155:20 pmRNSExtension on standstill agreement
20th Jul 201512:08 pmRNSUpdate on Strategic Review
13th Jul 20157:00 amRNSUpdate on Current Trading and Strategic Review
29th Jun 20154:28 pmRNSExtension of Standstill Agreement
23rd Jun 20159:22 amRNSSale Completion of Logistics Asset in Spain
29th May 20154:40 pmRNSSecond Price Monitoring Extn
29th May 20154:35 pmRNSPrice Monitoring Extension
29th May 20153:20 pmRNSHalf Yearly Report
27th May 20154:40 pmRNSSecond Price Monitoring Extn
27th May 20154:35 pmRNSPrice Monitoring Extension
23rd Apr 20154:40 pmRNSSecond Price Monitoring Extn
23rd Apr 20154:35 pmRNSPrice Monitoring Extension
17th Apr 20153:06 pmRNSSale Completion of Office Asset in Germany
27th Mar 20155:44 pmRNSResult of AGM
23rd Mar 20157:00 amRNSAnnouncement of Unaudited NAV and Sale Update
24th Feb 20157:00 amRNSSale completion of two office assets, Belgium
30th Jan 20159:58 amRNSReplacement - Full Year Results
30th Jan 20157:00 amRNSFull Year Results
16th Oct 20141:55 pmRNSDirector Declaration
2nd Sep 20147:00 amRNSAnnouncement of NAV and IMS
22nd Aug 20142:48 pmRNSHolding(s) in Company
21st Aug 201411:59 amRNSHolding(s) in Company
7th Aug 20146:00 pmRNSSale Completion of Logistics Asset, Spain
6th Aug 20147:00 amRNSSENIOR LOAN REFINANCING OF IERET'S DEBT FACILITY
23rd Jun 20147:00 amRNSInterim Preference Share Dividend
6th Jun 20142:12 pmRNSTotal Voting Rights
30th May 20147:00 amRNSHalf Yearly Report
8th May 20142:29 pmRNSHolding(s) in Company
6th May 20141:45 pmRNSHolding(s) in Company
1st May 20147:00 amRNSRefinancing of Debt Facility
123456789

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Recently viewed
AMER
AMER.L
LSE
0.00%
GTE
Gran Tierra
LSE
-9.57%
INCH
Inchcape
LSE
-1.05%
KIST
Kistos Holdings
LSE
0.77%
TRCS
Tracsis
LSE
-1.52%
Trending
RCGH
Rc365 Holding
LSE
128.57%
GGP
Greatland Resources
LSE
-4.72%
ITM
Itm Power
LSE
-10.21%
GST
GSTechnologies
LSE
0.00%
KEFI
Kefi Gold & Copper
LSE
-4.86%