TIDMAPT 
 
5 July 2016 
 
AXA Property Trust Limited 
 
Extension of the Company's Debt Facility 
 
In view of the targeted disposal timetable for the Company's remaining real 
estate assets, the Board of AXA Property Trust Limited is pleased to announce 
that the Company has agreed and concluded an extension of the Company's loan 
facility with its co-lenders. The terms of the extension are as follows: 
 
 
Remaining loan EUR 17,964,525 
 
Maturity date  31st December 2016 
 
Loan-to-value  42.6% (60% maximum limit) 
(LTV Test)     Based upon bank valuation as at 31 March 2016 
 
Margin         240 bps 
 
Extension fee  EUR 90,000 
 
All-in rate    EURIBOR 3M + 240bps 
 
Amortisation   None 
 
Under the terms of the extension net sales proceeds and rents from the 
portfolio will be used to repay the debt in priority to shareholder 
distributions. 
 
 
Enquiries: 
 
All Enquiries: 
 
Investment Manager 
AXA Investment Managers UK Limited 
Broker Services 
7 Newgate Street 
London EC1A 7NX 
Tel: +44 (0)20 7003 2345 
Email: broker.services@axa-im.com 
 
Corporate Broker 
Stifel Nicolaus Europe Limited 
150 Cheapside 
London EC2V 6ET 
Tel: +44 (0)20 7710 7600 
 
Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Trafalgar Court 
Les Banques 
St Peter Port 
GY1 3QL 
Tel: +44 (0)1481 745324 
 
 
 
 
END

(END) Dow Jones Newswires

July 05, 2016 06:51 ET (10:51 GMT)

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