Garfunkelux Holdco 2 S.A.
Garfunkelux Holdco 2 S.A.: Lowell announces signing and drawdown of Asset Backed Senior Facility
EQS-News: Garfunkelux Holdco 2 S.A. / Key word(s): Financing Luxembourg, November 22, 2018 Press Release On behalf of Garfunkelux Holdco 2 S.A. Lowell announces signing and drawdown of Asset Backed Senior Facility Garfunkelux Holdco 2 S.A. through its 100% indirectly owned subsidiary, Lowell Receivables Financing 1 Limited, has signed and drawn-down in full a £255 million Asset Backed Senior Facility to repay certain outstanding indebtedness under Lowell’s revolving credit facility. The Facility is non-recourse to Lowell. It has a four year legal maturity, an advance rate of 50% of 84 month Estimated Remaining Collections (ERC) and a margin of one-month LIBOR (0% floor) plus 275 basis points. For further information, please visit our investor website www.lowell.com THIS DOCUMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE FOR SECURITIES. ANY OFFER OF SECURITIES MAY BE PROHIBITED OR RESTRICTED IN VARIOUS JURISDICTIONS INCLUDING THE UNITED STATES, THE EUROPEAN ECONOMIC AREA AND THE UK. Contact: Investor Relations: investors@lowellgroup.co.uk Media: media@lowellgroup.co.uk General enquiries: info@lowellgroup.co.uk
22.11.2018 Dissemination of Corporate News, transmitted by EQS – a service of EQS Group AG. |
Language: | English |
Company: | Garfunkelux Holdco 2 S.A. |
488, route de Longwy | |
L-1940 Luxembourg | |
Luxemburg | |
E-mail: | mar@garfunkelux.com |
Internet: | https://lowellgroup.com |
ISIN: | XS1308316568, XS1308317889 |
WKN: | A1Z872 |
Listed: | Foreign Exchange(s) London, Luxembourg Stock Exchange |
End of News | EQS News Service |