13th Jan 2010 07:00
13 January 2010
INVISTA EUROPEAN REAL ESTATE TRUST SICAF
(the "Company")
NEW DEBT TERMS EFFECTIVE
Further to the announcement on 29 November 2009, the Company confirms that it has applied €40 million of the net proceeds from the Company's recent Capital Raising to part pay down debt on its senior debt facility with the Bank of Scotland. Accordingly the new debt terms, as described in the Company's Prospectus dated 16 November 2009, became effective on 12 January 2010.
The Company has also extended the maturity of its interest rate swaps to 31 December 2013 and the Company's weighted average swap rate is now 4.10%.
-ENDS-
For further information:
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Invista Real Estate Tony Smedley / Chris Ludlam Tel: +44 20 7153 9433 |
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Financial Dynamics Dido Laurimore / Rachel Drysdale / Olivia Goodall Tel: +44 20 7831 3113 |
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