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UK Commercial Property Trust Ltd Additional Drawdown of Existing Facility

Date : 12/08/2011 @ 08:18
Source : Dow Jones News
Stock : UK Comm Prop (UKCM)
Quote : 72.2  0.2 (0.28%) @ 16:35

UK Commercial Property Trust Ltd Additional Drawdown of Existing Facility

UK Comm Prop (LSE:UKCM)
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U.K. Commercial Property Trust Ltd (UKCM.LN), a closed-ended property investment company announced Friday that it has drawn down an additional GBP35 million of debt from the Barclays PLC (BARC.LN) facility for ongoing working capital requirements.

MAIN FACTS:

-The company has now drawn down debt totaling GBP140 million (Lloyds Banking Group (LLOY.LN) facility - GBP80 million, Barclays facility - GBP60 million) leaving GBP90 million of the Barclays facility still available for investment over the next 18 months.

-Shares closed Thursday at 76.4 pence

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com




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