TIDMTCF

RNS Number : 7471L

Terra Catalyst Fund

13 January 2016

13 January 2016

TERRA CATALYST FUND

Spazio new loan agreement

Terra Catalyst Fund (the "Company") (AIM: TCF) announces that it was notified on 12 January 2016 by Spazio Investment NV ("Spazio"), the Company's sole remaining material holding, that on 30 December 2015 Spazio's Italian property fund, Spazio Industriale, refinanced in full its outstanding loans by signing a new agreement with Banca IMI, Banca Unicredit and Natixis.

The new facility amounts to EUR213.3 million (equivalent to the previous outstanding loan plus closing costs) with a maturity date due of 31 December 2020, at a borrowing cost broadly in line with the previous outstanding loan.

The loan repayment provides for a 12 month grace period and a subsequent step-up amortising schedule with a bullet payment at maturity equal to 51% of the initial principal.

-ends-

ENQUIRIES TO:

Terra Catalyst Fund

Mike Haxby, Director

www.terracatalystfund.com

Tel: +44 (0)1624 690 900

Smith & Williamson Corporate Finance Limited

Azhic Basirov

Tel: +44 (0)20 7131 4000

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

January 13, 2016 09:00 ET (14:00 GMT)

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