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29 May 2025
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)
Portfolio Update
The Company, through its appointed receiver, has exchanged contracts to sell the property securing the Affinity loan. Completion is expected to occur in June 2025.
After deducting costs and fees associated with the sale, the Company expects to receive net consideration in excess of £10.0 million, with the final proceeds being subject to customary adjustments at the completion date. A sale at this level is approximately 5% above the current carrying value of the loan, after deduction of impairments.
Following completion of the sale, the Company intends to make a capital distribution to shareholders and will provide a further update in due course.
For further information, please contact:
| Ocorian Administration (Guernsey) Limited | |
| Louise Manklow
| +44 (0)14 8174 2742 |
| Cavendish: | |
| Robert Peel Daniel Balabanoff
| +44 (0)20 7220 0572 +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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