Eurocastle Investment Limited : Eurocastle Raises ?36 million through financing of Romeo NPL Portfolio
(Thomson Reuters ONE) -
Guernsey, 3 May 2017 - Eurocastle Investment Limited ("Eurocastle" or the
"Company") today announces a successful completion of a ?75 million financing on
the secured portion of its Romeo NPL portfolio. Eurocastle received
approximately ?36 million or 50% of the net proceeds after costs and reserves.
The Romeo portfolio was acquired jointly by Eurocastle and Fortress Affiliates,
on an unlevered basis, as part of the doBank acquisition from UniCredit S.p.A.
in October 2015. The portfolio had an original GBV of ?3.3 billion, of which
42% was secured.
ABOUT EUROCASTLE
Eurocastle Investment Limited is a publicly traded closed-ended investment
company that focuses on investing in performing and non-performing loans and
other real estate related assets primarily in Italy. 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eurocastle Investment Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 539904
Anzahl Zeichen: 1757
contact information:
Town:
St Peter Port
Kategorie:
Business News
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"Eurocastle Investment Limited : Eurocastle Raises ?36 million through financing of Romeo NPL Portfolio"
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