15 Oct 2018 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.
15 October 2018
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Portfolio Update
The borrower under the Group's Hulbert loan has completed a sale and refinancing of the properties which provided security for the Group's loan. As a result, the £6.565 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately £0.26 million in aggregate.
As highlighted in the Company's Interim Financial Statements, the Investment Manager has an encouraging pipeline of opportunities in which it is seeking to reinvest these proceeds in the near term.
For further information please contact:
Estera International Fund Managers (Guernsey) Limited: | |
James Christie
| +44 (0)14 8174 2742 |
Cenkos Securities: | |
Will Rogers Alex Collins
| +44 (0)20 7397 1920 +44 (0)20 7397 1913
|
Maitland Consultancy Limited: | |
Rebecca Mitchell | +44 (0)20 7379 5151
|
ICG-Longbow Martin Wheeler David Mortimer |
+44 (0)20 3201 7502 +44 (0)20 3201 7532 |
Further information on the Company can be found on its website at http://www.lbow.co.uk.
Icg-longbow (LBOW)