SQN Asset Finance Income Fund Ltd Update on discussions with Snoozebox Holdings plc (9579V)

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RNS Number : 9579V

SQN Asset Finance Income Fund Ltd

08 November 2017

8 November 2017

SQN Asset Finance Income Fund Limited

Update on Discussions with Snoozebox Holdings plc

SQN Asset Finance Income Fund Limited (the "Company" or "SQN"), the leading diversified equipment leasing fund listed in the UK, notes the announcement (RNS Number: 9145V) by Snoozebox Holdings plc ("Snoozebox") regarding discussions concerning its debt repayment obligations and long-term capital structure.

This is consistent with the restructuring plans, as previously announced to the Company's shareholders, to ensure the longevity of the core assets and a full amortisation of capital with payment of interest to SQN. Following discussions with multiple interested parties, the Board of SQN can confirm it is in the final stages of negotiations regarding the repositioning of Snoozebox's core assets.

The Board look forward to providing a further update on these discussions in due course.

Ends

For further information please contact:

 
SQN Capital Management, 
 LLC 
 Jeremiah Silkowski 
 Neil Roberts                    01932 575 888 
Winterflood Securities Limited   020 3100 0000 
Neil Langford 
 Chris Mills 
Buchanan 
  Charles Ryland 
  Vicky Hayns 
  Henry Wilson                   020 7466 5000 
 

Notes to Editor

The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK, Northern Europe and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 08, 2017 10:30 ET (15:30 GMT)