16th Jul 2007 07:01
Queen's Walk Investment Limited16 July 2007 16 July 2007 Queen's Walk Investment Limited Financing Update Queen's Walk Investment Limited (the "Company") announces today that it hasentered into a four-year revolving Euro 135 million financing facility arrangedand placed by Deutsche Bank. Commenting on the facility, Tom Chandos, Chairman of the Company's board of directors, said: "We believe this longer-term facility provides a very significant benefit to the Company, as it eliminates the liquidity risk of short-term borrowings. It puts the Company in a stronger financial position with a stable source of financing for the future." For further information please contact: Investor Relations:Caroline Villiers +44 (0) 20 7153 1521 About the Company: Queen's Walk Investment Limited is a Guernsey-incorporated investment companylisted on the London Stock Exchange. The Company invests primarily in adiversified portfolio of subordinated tranches of asset backed securities,including the unrated "equity" or "first loss" residual income positionstypically retained by the banks or other financial institutions which haveoriginated the loan assets that collateralise a securitisation transaction. TheCompany makes such investments where its investment manager, Cheyne CapitalManagement (UK) LLP, considers the coupon or cash flows from the investment tobe attractive relative to the credit exposure of the underlying assetcollateral. The Company believes that its investment focus provides equityinvestors with exposure to a relatively new investment opportunity in this assetclass. The content of this announcement includes statements that are, or may be deemedto be, "forward-looking statements". These forward-looking statements can beidentified by the use of forward-looking terminology, including the terms"believes", "estimates", "anticipates", "expects", "intends", "considers","may", "will" or "should". By their nature, forward-looking statements involverisks and uncertainties and readers are cautioned that any such forward-lookingstatements are not guarantees of future performance. The Company's actualresults and performance may differ materially from the impression created by theforward-looking statements. The Company undertakes no obligation to publiclyupdate or revise forward-looking statements, except as may be required byapplicable law and regulation (including the Listing Rules). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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