18 Aug 2014 13:45
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
COMPLETION OF ZETA LOAN EXTENSION
Redefine International is pleased to announce that it has completed a two year extension to the GBP34.7 million Zeta facility (the "Facility"). The Facility, provided by Lloyds Bank PLC, now has a repayment date of 24 May 2018. Following this extension, as well as the hotel portfolio refinance announced on 5 August 2014, the Company's weighted average debt maturity has increased to 8.4 years. The weighted average debt maturity as at the interim period ended 28 February 2014 was 7.2 years.
For further information:
Redefine International P.L.C. | |
Michael Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser | |
Stephanie Highett, Dido Laurimore
FTI Consulting SA Public Relations Adviser Max Gebhardt | Tel: +44 (0) 20 3727 1000
Tel: + 27 (0) 11 214 2402 |
JSE Sponsor Java Capital | Tel: + 27 (0) 11 283 0042 |
Notes to editors:
Redefine International is a UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.