Last checked at 
23 Dec 2014 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
23rd 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 | +44 (0)14 8171 6000 |
Investec Bank plc: | |
David Anderson | +44 (0)20 7597 4000 |
Jeremy Ellis | |
Maitland Consultancy Limited: | |
Nathalie Falco | +44 (0)20 7379 5151
|
Further information on the Company can be found on its website at http://www.lbow.co.uk.