Invista European Real Estate Trst Scf SA : Over-Amortization of Debt

January 16, 2014 at 12:52 pm IST

MarketScreener.com By

Invista European Real Estate Trust

16 January 2014

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust over-amortizes debt

Debt Reduction

The Company announces that it has used ?5.5 million from its existing cash balances to make a further repayment of the senior debt facility, thereby reducing the Loan to Value ("LTV"), as defined in the bank facility agreement, to below 70%. This follows the latest valuation of the Company's property portfolio, which attributed a total value of ?316.1 million to IERET's real estate assets as at 31 December 2013. The payment enables the Company to meet its debt LTV covenants currently set at 70% LTV.

The Company will continue to review the strategic use of cash with reference to its investment objectives.