ICG-Longbow Snr Sec UK Prop DebtInv Portfolio Update (7089C)
October 21 2020 - 2:00AM
UK Regulatory
TIDMLBOW
RNS Number : 7089C
ICG-Longbow Snr Sec UK Prop DebtInv
21 October 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN.
21 October 2020
ICG-Longbow Senior Secured UK Property Debt Investments Limited
(the Company)
Portfolio Update
The Company has received repayment in full of the BMO Partners
loan, following a refinancing of the underlying properties by a
third party lender. The repayment of GBP11.3 million was
accompanied by interest and fees of GBP0.25 million, and will be
used to repay drawings on the Company's revolving credit facility
together with funding requirements on its existing investment
commitments.
The Company is seeing a strong pipeline of attractive
opportunities at present, and has agreed terms on two new
transactions which are progressing through final due diligence.
An announcement on interest collection for the third quarter
will be made in early November.
For further information, please contact:
Ocorian Administration (Guernsey) Limited:
+44 (0)14 8174
Louise Manklow 2742
Cenkos Securities plc:
+44 (0)20 7397
Will Rogers 1920
Maitland Consultancy Limited:
+44 (0)20 7379
5151
Rebecca Mitchell +44 (0)20 3201
ICG Longbow: 7502
Martin Wheeler +44 (0)20 3201
David Mortimer 7532
Further information on the Company can be found on its website
at http://www.lbow.co.uk.
ICG Longbow LEI: 2138008BKBH3OP2CA764
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