Bank facility signed with UBS

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 0694A Globalworth Real Estate Inv Ltd 14 February 2014  \n \n\nGlobalworth Real Estate Investments Limited\nGlobalworth signs Euro 65m bank facility with UBS\n \nGuernsey, 14 February 2014: Globalworth Real Estate Investments Ltd. (AIM: GWI) (\"Globalworth\" or \"the Company\"), the real estate investment company targeting opportunities in Romania and the broader SEE and CEE regions, is pleased to announce that it has signed a short-term holding level bank debt facility for up to Euro 65 million with UBS. The arrangement of this facility is consistent with the Company's stated plans to use debt financing to improve returns on investments. \nDimitris Raptis, Deputy CEO and Chief Investment Office of the Company, said: \"The granting of this facility by one of the world's largest financial institutions constitutes a milestone in the development of Globalworth's portfolio.  This step underscores the management of Globalworth's belief in the future prospects of the Company\".  \nWilliam Gallagher, Co-Head of Special Situations and Emerging Markets Lending in EMEA at UBS, said \"Through the provision of this debt facility, UBS is pleased to support Globalworth's development plans and to help it achieve its ambitions in the years to come.\"\nFor further information visit www.globalworth.com or contact:  \nEastWest Partners (Financial Adviser)\nDavid Hill                                                                                       Tel: +44 20 7653 8967\nScott Evans                                                                    &nb...

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