IR-Center Handelsblatt
Unternehmenssuche:

Starwood European Real Estate Finance Ltd

News Detail

DGAP-UK-Regulatory News vom 09.10.2018

SWEF: Extension of Revolving Credit Facility

Starwood European Real Estate Finance Ltd (SWEF)

09-Oct-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


9 October 2018

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN, NEW ZEALAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

Starwood European Real Estate Finance Limited

Extension of Revolving Credit Facility

Starwood European Real Estate Finance Limited (the "Company") announces that it has extended the maturity of its existing £50 million revolving credit facility ("RCF") with Lloyds Bank plc.  The RCF was due to expire on 8 October 2018 and has been successfully extended to 8 May 2020. 

The RCF is an important tool in liquidity management, providing flexibility to finance new investments and manage loan repayments which enables the Company to efficiently manage its cash, investment portfolio and fundraising needs.

According to the Company's Investment Policy, the Company is limited to aggregate short and long term borrowings at the time of the relevant drawdown in an amount equivalent to a maximum of 30 per cent of NAV but longer term borrowings will be limited to 20 per cent of NAV in any event.

For further information, please contact:

Ipes (Guernsey) Limited as Company Secretary - 01481 735810

Sarah Newton

 

Starwood Capital - 020 7016 3655

Duncan MacPherson

 

Stifel Nicolaus Europe Limited - 020 7710 7600

Neil Winward

Mark Bloomfield

Gaudi Le Roux

 

Notes:

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.

 




show this