Termination of Facility
25 September 2008
ACP Mezzanine (the Company) announces that today it agreed to terminate its structured sale and repurchase transaction with Deutsche Bank (the Facility) by settling all outstanding commitments, interest and associated breakage fees and as a consequence its balance sheet will be in a net cash position and free of debt.
The breakage fees payable will amount to approximately Euro 3.2 million. The Company has been advised that there is a financial advantage to closing the facility because the facility no longer served any economic purpose.
Further information will be provided within the interim accounts to be published on or around 30 September 2008.
Enquiries:
Chris Wells, Collins Stewart +44 (0) 207 523 8350
(Nominated Adviser)