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Update on discussions with Snoozebox Holdings plc

By LSE RNS

RNS Number : 9579V
SQN Asset Finance Income Fund Ltd
08 November 2017
 

8 November 2017

 

 

SQN Asset Finance Income Fund Limited

 

Update on Discussions with Snoozebox Holdings plc

 

 

SQN Asset Finance Income Fund Limited (the "Company" or "SQN"), the leading diversified equipment leasing fund listed in the UK, notes the announcement (RNS Number: 9145V) by Snoozebox Holdings plc ("Snoozebox") regarding discussions concerning its debt repayment obligations and long-term capital structure.

 

This is consistent with the restructuring plans, as previously announced to the Company's shareholders, to ensure the longevity of the core assets and a full amortisation of capital with payment of interest to SQN. Following discussions with multiple interested parties, the Board of SQN can confirm it is in the final stages of negotiations regarding the repositioning of Snoozebox's core assets.

 

The Board look forward to providing a further update on these discussions in due course.

 

 

Ends

 

For further information please contact:

 

SQN Capital Management, LLC

Jeremiah Silkowski

Neil Roberts

 

01932 575 888

Winterflood Securities Limited

020 3100 0000

Neil Langford

Chris Mills

 

 

Buchanan

Charles Ryland

Vicky Hayns

Henry Wilson

 

 

 

020 7466 5000

 

Notes to Editor

 

The Company invests in equipment lease and asset finance arrangements across a diverse portfolio of assets and industries predominantly in the UK, Northern Europe and US. The Company focuses on business-essential, revenue-producing (or cost saving) equipment and other assets with high in-place value and long economic life relative to the investment term.

 

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Capital Management (UK) Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski and Neil Roberts.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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