SQN Asset Finance Income Fund Ltd Update on discussions with Snoozebox Holdings plc (9579V)
09 November 2017 - 2:30AM
UK Regulatory
TIDMSQN
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
END
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