SWEF: Extension of Revolving Credit Facility (731335)
09 October 2018 - 5:02PM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Extension of Revolving Credit Facility
09-Oct-2018 / 07:00 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.
9 October 2018
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
Extension of Revolving Credit Facility
Starwood European Real Estate Finance Limited (the "Company") announces that
it has extended the maturity of its existing GBP50 million revolving credit
facility ("RCF") with Lloyds Bank plc. The RCF was due to expire on 8
October 2018 and has been successfully extended to 8 May 2020.
The RCF is an important tool in liquidity management, providing flexibility
to finance new investments and manage loan repayments which enables the
Company to efficiently manage its cash, investment portfolio and fundraising
needs.
According to the Company's Investment Policy, the Company is limited to
aggregate short and long term borrowings at the time of the relevant
drawdown in an amount equivalent to a maximum of 30 per cent of NAV but
longer term borrowings will be limited to 20 per cent of NAV in any event.
For further information, please contact:
Ipes (Guernsey) Limited as Company Secretary - 01481 735810
Sarah Newton
Starwood Capital - 020 7016 3655
Duncan MacPherson
Stifel Nicolaus Europe Limited - 020 7710 7600
Neil Winward
Mark Bloomfield
Gaudi Le Roux
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: MSCM
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 6152
EQS News ID: 731335
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=731335&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
October 09, 2018 02:02 ET (06:02 GMT)
Starwood European Real E... (LSE:SWEF)
Historical Stock Chart
From Apr 2024 to May 2024
Starwood European Real E... (LSE:SWEF)
Historical Stock Chart
From May 2023 to May 2024