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Investment Update re Silo E

15th Oct 2012 13:42

RNS Number : 7069O
Treveria PLC
15 October 2012
 



TREVERIA PLC

("Treveria" or "the Company")

 

Investment Update re Silo E(Lender - ABN Amro; valuation - €477 million; loan - €406 million; securitised)

 

 

Treveria plc (AIM: TRV) announces that its indirect subsidiary Treveria E Sarl today received notice from its Silo E debt service provider, Hatfield Philips International Limited ("HPI"), that the Silo E lender, facility agent and security agent ("the Finance Parties") have decided not to extend the standstill period which expired at midnight 24.00 hours CET on 14 October 2012.

 

Given the above, HPI, on behalf of the Finance Parties, have demanded immediate payment and discharge of all secured obligations in full by the Silo E propcos and Treveria E S.a.r.l. and have reserved their rights in relation to any further action which may be taken.

 

The board of Treveria is currently assessing its options and further announcements will be made in due course.

Further information, please contact:

IOMA Fund and Investment Management Limited

Graham Smith

+44 (0) 1624 681250

Singer Capital Markets Ltd

James Maxwell/Nick Donovan

+44 (0) 20 3205 7500

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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