Alpha Pyrenees Trust Limited Finance Update (4136V)
16 April 2016 - 2:05AM
UK Regulatory
TIDMALPH
RNS Number : 4136V
Alpha Pyrenees Trust Limited
15 April 2016
15 April 2016
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
RNS REPLACEMENT
The following amendment has been made to the announcement
released this morning at 10:23 under RNS No. 3426V:
Borrowings have been extended to 31 October 2016 and not 15
October 2016 as previously stated.
All other details remain unchanged.
15 April 2016
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
BORROWINGS EXTENDED TO 31 OCTOBER 2016
Further to the announcement on 15 October 2015 regarding the
extension of the Trust's loan facilities with Barclays Bank PLC
("Barclays") to 15 April 2016, the Board of Alpha Pyrenees is
pleased to report that a new extension has been agreed and the
maturity date of all its remaining borrowings (EUR100.3m) is now
extended to 31 October 2016.
The current interest rates will continue to apply to the
facilities during the extension period. Arrangement fees (charged
at 2% per annum pro-rated) on the initial and all extensions up to
15 April 2016 will be deferred to the new maturity date and will be
payable to the extent that the Trust has sufficient cash funds at
that time. No additional arrangement fee has been charged for the
new extension period.
The Trust has the support of its lender for an orderly
realisation of its remaining six investment properties with a view
to winding up the Trust's group in due course.
The Trust will provide further updates in due course.
For further information:
Dick Kingston, Chairman, Alpha Pyrenees Trust Limited 01481 231100
Paul Cable, Fund Manager, Alpha Real Capital LLP 020 7391 4700
For more information on the Trust, please visit
www.alphapyreneestrust.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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