Industrial Multi Property Trust PLC Update on Loan Facilities (1332B)
March 31 2017 - 2:26AM
UK Regulatory
TIDMIMPT TIDMHSTN
RNS Number : 1332B
Industrial Multi Property Trust PLC
31 March 2017
INDUSTRIAL MULTI PROPERTY TRUST PLC (THE "COMPANY")
Update on loan facilities
The Company announces that it entered into a new unsecured loan
facility agreement on 30 March 2017 under which Hansteen Holdings
plc ("Hansteen") will provide an unsecured loan facility of up to
GBP11,500,000 to the Company, with an interest rate of 10% per
annum (the "Hansteen Loan Facility"). The term of the Hansteen Loan
Facility expires on 5 December 2018 and there are no prepayment or
exit fees on an early repayment of the facility and no arrangement
fees. The terms of the Hansteen Loan Facility are otherwise
materially the same as the facility agreement entered into between
the Company and Alpha Real Trust Limited dated 5 December 2013 (the
"ART Loan Facility").
The proceeds of the Hansteen Loan Facility will be applied to
fully repay the ART Loan Facility.
This announcement contains inside information.
For further information please contact:
Industrial Multi Property Trust plc
Philip Scales Tel: 01624 681250
Stockdale Securities Limited, Financial Adviser and Broker to
Industrial Multi Property Trust
Robert Finlay Tel: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
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