We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Icg-longbow Senior Secured Uk Property Debt Investments Limited | LSE:LBOW | London | Ordinary Share | GG00B8C23S81 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.70 | 21.40 | 23.80 | 0.00 | 08:00:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 7.27M | 1.96M | 0.0162 | 14.01 | 27.54M |
TIDMLBOW
RNS Number : 9332Q
ICG-Longbow Snr Sec UK Prop DebtInv
25 February 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
25th February 2019
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Advancement of Loan
The Company announces that it has arranged a new GBP15.0 million loan to the Bliss Hotels group.
The loan carries an initial LTV ratio of 59.5% and is secured by a first ranking charge over a hotel and leisure complex in Southport, Merseyside. The Company (via its subsidiary) has advanced an initial GBP12.5 million of the loan facility, with the balance of the commitment available for business plan renovation initiatives which in the Company's opinion will create significant further value.
The loan matures in April 2023 and is fully compliant with the Company's investment parameters. It provides an attractive risk adjusted return, increasing the Company's weighted average investment coupon to 6.25% whilst also benefitting from arrangement and exit fees.
In making the investment the Company has made a first drawing of GBP3.5 million on its working capital facility with OakNorth Bank plc.
Estera International Fund Managers (Guernsey) Limited: +44 (0)14 8174 2742 Cenkos Securities: Will Rogers +44 (0)20 7397 1920 Alex Collins +44 (0)20 7397 1913 Maitland Consultancy Limited: Rebecca Mitchell +44 (0)20 7379 5151 ICG-Longbow Martin Wheeler +44 (0)20 3201 7502 David Mortimer +44 (0)20 3201 7532
Further information on the Company can be found on its website at http://www.lbow.co.uk.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCZMGZZFDLGLZM
(END) Dow Jones Newswires
February 25, 2019 02:00 ET (07:00 GMT)
1 Year Icg-longbow Senior Secur... Chart |
1 Month Icg-longbow Senior Secur... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions