Eurocastle Secures Extension Pending Facility Restructuring

(Thomson Reuters ONE) - EUROCASTLE INVESTMENT LIMITEDFOR IMMEDIATE RELEASEContact:International Administration (Guernsey) LimitedCompany AdministratorAttn: Mark WoodallTel: +44 1481723450 Eurocastle Secures Extension Pending Facility RestructuringGuernsey. 30 September 2009 - Eurocastle Investment Limited(Frankfurt Stock Exchange: EUI1 and Euronext Amsterdam: ECT) todayannounced that it had secured a short term extension to asubsidiary's acquisition facility that was due to mature on 30September 2009. Eurocastle Investment Limited has a guaranteeobligation limited to ?30 million in respect of such facility. Moredetail on this facility can be found in Eurocastle's recentlypublished semi-annual results announcement. Eurocastle continues tobe in negotiations with the lender and is working toward acomprehensive restructuring of this facility.About EurocastleEurocastle Investment Limited is an investment company whichprimarily owns and manages German commercial real estate assets. TheCompany is Euro denominated and is listed on Frankfurt Stock Exchangeunder the symbol "EUI1" and on Euronext Amsterdam under the symbol"ECT." Eurocastle is managed by an affiliate of Fortress InvestmentGroup LLC, a leading global alternative asset manager. For moreinformation regarding Eurocastle Investment Limited and to be addedto our email distribution list, please visit www.eurocastleinv.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 30.09.2009 - 19:00 Uhr
Sprache: Deutsch
News-ID 6452
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