Eurocastle Announces Repayment of Short Term and Recourse Debt
(Thomson Reuters ONE) -
EUROCASTLE INVESTMENT LIMITED
FOR IMMEDIATE RELEASE
Contact:
International Administration (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450
Eurocastle Announces Repayment of Short Term and Recourse Debt
Guernsey. 6 December 2010 - Eurocastle Investment Limited (Euronext Amsterdam:
ECT) is pleased to announce that it has today repaid all its outstanding short
term and recourse debt with the repayment of two corporate liabilities
aggregating approximately ?9.3 million (including fees).
The Group has also completed the first phase of a restructuring of its Drive
Junior Facility (referred to in the Company's recently published third quarter
Interim Management Statement) which allowed the release of sufficient cash to
repay the liabilities referred to above. The Group expects to finalise this
restructuring in the near-term.
About Eurocastle
Eurocastle Investment Limited is an investment company which primarily owns and
manages German commercial real estate assets. The Company is Euro denominated
and is listed on Euronext Amsterdam under the symbol "ECT." Eurocastle is
managed by an affiliate of Fortress Investment Group LLC, a leading global
investment manager. For more information regarding Eurocastle Investment Limited
and to be added to our email distribution list, please visit
www.eurocastleinv.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eurocastle Investment Limited via Thomson Reuters ONE
[HUG#1468838]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49412
Anzahl Zeichen: 2271
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 392 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Eurocastle Announces Repayment of Short Term and Recourse Debt"
steht unter der journalistisch-redaktionellen Verantwortung von
Eurocastle Investment Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
