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SWEF Starwood European Real Estate Finance Limited

92.00
0.80 (0.88%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate Finance Limited LSE:SWEF London Ordinary Share GG00BRC3R375 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.88% 92.00 91.60 93.00 93.00 91.40 91.40 14,093 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 39.02M 29.36M 0.0742 12.32 361.57M

SWEF : Investment Update

21/12/2017 1:28pm

UK Regulatory


Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF : Investment Update 
 
21-Dec-2017 / 13:25 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                                                            21 December 2017 
 
 NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY 
       OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM THE UNITED STATES, 
     AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION 
         WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR 
                                            REGULATIONS OF SUCH JURISDICTION 
 
Starwood European Real Estate Finance Limited: Investment Update 
 
  Starwood European Real Estate Finance Limited (the "Company" and, together 
   with its subsidiaries, the "Group") is pleased to announce that the Group 
has entered into a new revolving credit facility and that the Group has made 
                                                           a new investment. 
 
        On 18 December 2017 the Group entered into a new GBP64 million secured 
  borrowing facility (the "Secured Facility"). The Secured Facility provides 
   for additional flexibility and optionality for the Group to implement its 
    investment strategies. The Secured Facility is a 5 year revolving credit 
     facility allowing both for term financing of whole loans and additional 
                                  capacity to bridge syndication strategies. 
 
     On 20 December 2017 the Group closed on a GBP45.87 million mezzanine loan 
secured by a well invested portfolio of geographically diversified hotels in 
          strong regional UK cities. The Group expects to earn an attractive 
           risk-adjusted return in line with its stated investment strategy. 
 
                                    For further information, please contact: 
 
                        Duncan MacPherson - Starwood Capital - 020 7016 3655 
 
                               Robert Peel - Fidante Capital - 020 7832 0900 
 
                                                                      Notes: 
 
      Starwood European Real Estate Finance Limited is an investment company 
   listed on the main market of the London Stock Exchange with an investment 
  objective to provide Shareholders with regular dividends and an attractive 
         total return while limiting downside risk, through the origination, 
     execution, acquisition and servicing of a diversified portfolio of real 
   estate debt investments in the UK and the wider European Union's internal 
                                market. www.starwoodeuropeanfinance.com [1]. 
 
    The Group is the largest London-listed vehicle to provide investors with 
                                  pure play exposure to real estate lending. 
 
The Group's assets are managed by Starwood European Finance Partners 
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group. 
 
ISIN:          GG00B79WC100 
Category Code: PFU 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  5042 
 
End of Announcement EQS News Service 
 
641221 21-Dec-2017 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=641221&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

December 21, 2017 08:28 ET (13:28 GMT)

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