ICG-Longbow Snr Sec UK Prop DebtInv Portfolio Update (4057J)

TIDMLBOW

RNS Number : 4057J

ICG-Longbow Snr Sec UK Prop DebtInv

15 August 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

15 August 2023

ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)

Portfolio Update

The Company announces that, in conjunction with its co-lenders, it has appointed an administrator over all the remaining property-owning guarantors within the RoyaleLife borrower group. This follows the Company's announcement on 12 May 2023 that it had appointed an administrator in relation to the RoyaleLife loan. These measures are to further protect the interest of the lenders.

The Company is unable to provide further detail at present to protect sensitive commercial negotiations but will make further announcements in due course.

For further information, please contact:

 
 Ocorian Administration (Guernsey) Limited 
 Louise Manklow         +44 (0)14 8174 2742 
 Cenkos Securities: 
 Will Talkington        +44 (0)20 7397 1910 
  Daniel Balabanoff      +44 (0)20 7397 1909

Further information on the Company can be found on its website at http://www.lbow.co.uk .

ICG Longbow LEI: 2138008BKBH3OP2CA764

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August 15, 2023 09:54 ET (13:54 GMT)

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