Eurocastle Secures Facility Term Extension
(Thomson Reuters ONE) - EUROCASTLE INVESTMENT LIMITEDFOR IMMEDIATE RELEASEContact:International Administration (Guernsey) LimitedCompany AdministratorAttn: Mark WoodallTel: +44 1481 723450 Eurocastle Secures Facility Term ExtensionGuernsey. 5 February 2010 - Eurocastle Investment Limited (Euronext Amsterdam:ECT) today announced that it had successfully completed extension negotiationsin relation to an outstanding EUR20 million recourse obligation. The lender underthis obligation had confirmed its agreement to convert this short termobligation into a loan facility maturing in September 2010. The facilityamortised by EUR5 million on 1 February 2010 and amortises by a further EUR5 millionin March and June with a final EUR5 million payment at maturity in September 2010.About EurocastleEurocastle Investment Limited is an investment company which primarily owns andmanages German commercial real estate assets. The Company is Euro denominatedand is listed on Euronext Amsterdam under the symbol "ECT." Eurocastle ismanaged by an affiliate of Fortress Investment Group LLC, a leading globalalternative asset manager. For more information regarding Eurocastle InvestmentLimited and to be added to our email distribution list, please visitwww.eurocastleinv.com.[HUG#1381328]
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Datum: 05.02.2010 - 17:04 Uhr
Sprache: Deutsch
News-ID 12142
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