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New Bank Facility

24th Jan 2013 07:00

RNS Number : 2434W
Sirius Real Estate Limited
24 January 2013
 



 

Sirius Real Estate Limited

("Sirius" or "the Company")

 

New Bank Facility

 

Sirius is pleased to announce it has successfully agreed a new four year €28.5 million facility with Macquarie Bank. As previously announced this facility is being used to refinance three assets within the ABN AMRO ('ABN') loan facility which was extended to 30 June 2013 as well as two unencumbered assets. The funds from this facility along with the proceeds from some previously announced disposals will pay down the ABN loan from €80.6 million to €49.2 million this month. The Company believes it is well positioned to complete the disposal and refinancing plan agreed with ABN which will leave it with a well balanced portfolio of high income-producing assets which also still have potential for further improvement.

 

 

 

Enquiries:

 

Sirius

Andrew Coombs +49 (0) 30 285010110

Alistair Marks

 

Peel Hunt

Capel Irwin 020 7418 8900

Alex Vaughan

 

Cardew Group

Tim Robertson 020 7930 0777

Georgina Hall

 

 

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