4th Jul 2016 07:45
LONDON (Alliance News) - ICG-Longbow Senior Secured UK Property Debt Investments Ltd on Monday said the borrower under its First Light portfolio has refinanced the properties which secured the loan.
As a result of the refinancing, ICG-Longbow said the GBP1.75 million loan it provided has been repaid in full.
The total proceeds, including a further GBP150,000 in interest and prepayment fees, is expected to be received shortly.
ICG-Longbow shares were flat at 100.00 pence Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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