Invista Euro. Share Discussion Threads

[colin12345678] 02/9/2015 09:57

osirius
Posts: 40
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Opinion: No Opinion
Price: 0.26
Terms of the Refinancing
Today 09:21
The New Loan has a maturity of three years, with an option on the part of the Company to extend for two additional twelve month periods, subject to certain conditions. The initial margin is 770bp over three month EURIBOR, with an agreed path for a potential reduction to 470bp as set out below.

The Company is currently pursuing a programme of fourteen targeted asset disposals, of which the sale of the property at Modletice in the Czech Republic has already been completed. The New Loan has a flexible structure that will enable Invista to pursue its non-core disposal plan by providing €85 million of freely prepayable proceeds which can be repaid via asset sales or contributions of additional equity.

Once the total amount of the New Loan has been reduced to €135 million and so long as the LTV is below 70%, the ("Step-Down Event"), the margin will be reduced to 470bp over three month EURIBOR. The LTV covenant, which is set initially at 85%, falls to 80% following the Step-Down Event.

For the first thirty months of the New Loan, any early repayments beyond the first €85 million (or any repayment from the proceeds of properties that are not designated as part of the disposal programme) will trigger an early redemption premium equivalent to the full interest rate on the amount repaid for the balance of that period.

Under the terms of the New Loan, a cash sweep will be applied to the Company's income prior to the Step-Down Event. As a consequence, no distributions to ordinary or preference shareholders can be made for the duration of the cash sweep, with the preference share dividend therefore being accrued. The Company regards making the repayments necessary to eliminate the cash sweep as an objective of the highest priority.

[asmodeus] 02/9/2015 09:55

Many thanks for the explanation, Letmepass; Actually I did read the RNS but did not grasp the implications like you have.

[singer8] 02/9/2015 09:48

failure time and time again 21trader

[colin12345678] 02/9/2015 09:48

21trader
2 Sep'15 - 09:37 - 470 of 474 0 0

colin

Have I said this is getting suspended ?

You have a bad position and naturally you need a spike to get out. I think that applies for everybody that has bought in last few trading days.

150% rise needed for buyers to make just 10-20% now that is the ultimate risk.


colin12345678
2 Sep'15 - 09:17 - 468 of 474 0 0 edit

i take 21trader as a buy signal to be fair because when he turns up and states this or that is dead in the water it normally goes ballistic lol



I dont have a bad position i brought in last friday? and did i say you had stated it was going to be suspended? i think this will be a amazing recovery play in the mid term and i think i will make a lot of money

[singer8] 02/9/2015 09:42

i tried to warn people and you tried to ban me
i was RIGHT you were WRONG

[21trader] 02/9/2015 09:42

Initials

PTO

:-))

[singer8] 02/9/2015 09:41

you deceived lied and lost poeple money as a result hatey

[singer8] 02/9/2015 09:40

21trader how much does ADSS have to rise for people that followed your RAMPING to get their money back ??????????????????????????

[21trader] 02/9/2015 09:37

colin

Have I said this is getting suspended ?

You have a bad position and naturally you need a spike to get out. I think that applies for everybody that has bought in last few trading days.

150% rise needed for buyers to make just 10-20% now that is the ultimate risk.

[letmepass] 02/9/2015 09:34

Another 1 million buy and spread tighter... Looking good

[colin12345678] 02/9/2015 09:17

i take 21trader as a buy signal to be fair because when he turns up and states this or that is dead in the water it normally goes ballistic lol

[singer8] 02/9/2015 09:15

MOS 21trader as you are THE expert ?????????????????????????

[singer8] 02/9/2015 09:14

ADSS 21trader can you explain as you are such a know it all ?????????????????

[singer8] 02/9/2015 09:14

TNCI 21trader as you are such an expert and know it all ??????????????

[21trader] 02/9/2015 09:12

The 0.57p buyers are in a bit of trouble with this one.

Infact anybody buying this are in instant trouble with the spread.

[colin12345678] 02/9/2015 09:10

osirius
Posts: 37
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Opinion: No Opinion
Price: 0.25
View Thread (2)
iaintgotaclu
Today 09:06
What am saying is this.

In order to deleverage IERET's portfolio, last year the Company identified 14 assets as being ready for sale.The shareholders will not get anything from the sale of this 14 assets because the funds will be used to settle the stand-down event. after that the company will return back to profitability to be able to pay dividends to shareholders.

[falia] 02/9/2015 09:08

BID RISING IN THE BACKGROUND

[ursus] 02/9/2015 08:51

RNS Number : 0715X

Invista European Real Estate Trust

25 August 2015

25 August 2015

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

EXTENSION OF STANDSTILL AGREEMENT

Following the Company's announcements on 29 June, 13 July, 20 July, 28 July, 11 August and 18 August, and in relation to certain ongoing events of Default with regard to the Mezzanine Loan Facility provided by Blackstone Real Estate Debt Strategies, the Company can now report that the Standstill letter has been extended for an additional period to 3 September 2015.

[letmepass] 02/9/2015 08:51

Keep up assmodeu.. Get someone to help you read an RNS

[asmodeus] 02/9/2015 08:48

How do you know this, falla?

[falia] 02/9/2015 08:32

24HRS TO GO FOR FUNDING NEWS

[ukmassy] 02/9/2015 08:25

They're only small buys.

[letmepass] 02/9/2015 08:24

Think mm trying to keep a lid on this today... No movement as yet with 3buys