Partial Repayment of Bank Debt
December 19 2007 - 5:07AM
UK Regulatory
US Special Opportunities Trust
Partial Repayment of Bank Loan
In view of the planned wind-up or ahead of any possible rollover or extension
of the Company's life on 31 May 2008, the Company has repaid �14.53 million
($26.968) of its debt liability and closed the related interest rate and
currency swap positions. The bank loan is now comprised of �7.0 million loan
which bears interest at a fixed rate of 5.39%.
This transaction generated a cash payment to the Company of �1.241 million. As
this value has been reflected in the fair market value of the Company's
interest rate and currency swaps, it does not result in any material change to
the published net asset values.
19 December 2007
END
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