ALPHA UK MULTI PPTY Update on loan facilities
The Company announces that it has entered into a new unsecured loan facility agreement under which Hansteen Holdings plc ("Hansteen") will provide a loan facility of up to £20,000,000 to the Company, with an interest rate of 10% per annum (the "Hansteen Loan Facility"). The Hansteen Loan Facility expires on 5 December 2018 and there are no prepayment or exit fees on an early repayment of the facility. The proceeds of the Hansteen Loan Facility will be applied to fully repay an existing mezzanine loan agreement between certain subsidiaries of the Company and Europa Mezzanine Finance S.a.r.l. dated 5 December 2013.
This announcement contains inside information. For further information please contact:
Industrial Multi Property Trust plcPhilip Scales Tel: 01624 681250
Stockdale Securities Limited, Financial Adviser and Broker to Industrial Multi Property TrustRobert Finlay Tel: 020 7601 6100
Industrial Multi Property Trust plc published this content on 17 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2017 14:03:12 UTC.
Original documenthttp://www.industrialmultipropertytrust.com/docs/shareholder-docs/2017-05-17 IMPT Update on Loan Facilities.pdf
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