OTE O Twelve Estate

TIDMOTE

RNS Number : 1457A

O Twelve Estates Limited

26 January 2011

O Twelve Estates Limited ("O Twelve" or the "Company")

Banking Arrangements

26 January 2011

Following the completion of the Placing and Open Offer, the new terms of the Group's loan facilities have come into effect on the repayment of GBP19 million of principal of the Company's outstanding loans, which have reduced to GBP124.8 million, the deposit of GBP6.5 million into a cash collateral account and the payment of an arrangement fee, as described in the prospectus dated 14 December 2010 (the "Prospectus"). New hedging arrangements have been put in place so that from today the Group's fixed rate tranche of its loans are at 5.155% per annum, excluding margin, on GBP115 million until January 2015 and on GBP63 million from January 2015 until the new maturity date in December 2016.

All capitalised definitions in this announcement bear the same meaning as those in the Prospectus.

For further information please contact:

O Twelve Estates Limited

Phil Rhodes, Chairman

+44 (0)207 016 0050

Rugby Asset Management

David Tye

Andrew Wilson

+44 (0) 20 7016 0050

Fairfax I.S. PLC

Simon Bennett

Laura Littley

+44 (0) 20 7598 5368

Financial Dynamics

Stephanie Highett

Dido Laurimore

Will Henderson

+44 (0) 20 7831 3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBFMFTMBJTBAB

O Twelve Estates (LSE:OTE)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024

O Twelve Estates (LSE:OTE)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024