In QuotedData’s other news 19 November 2019
- Amedeo Air Four says that Emirates will take two of its A380s out of service for a while to allow it to install new premium economy cabins. This won’t affect Amedeo Air Four’s income but it thinks it might help when it comes to selling the planes at the end of the lease. Emirates is paying for the modifications.
- Starwood European Real Estate Finance is lending money for up to five years against two hotels – the money is being used by an unnamed operator to allow it to buy the hotels and later refurbish/upgrade them. On day one, amounts of £25.9m and £16.7m will be drawn down, out of commitments for a total of £41.35m and £22.95m. The fund has also rejigged its financing facilities – extending the maturity of its Morgan Stanley facility to November 2024 and its Lloyds facility to May 2021.
- Troy Income & Growth’s merger with Cameron Investors was approved and has now gone ahead.
- Alcentra European Floating Rate Income will shrink by 14% after seeing its 20% tender offer undersubscribed. [This is good news for the company as it suggests sellers have largely been cleared out of its share register.]
We also have news of property transactions by Standard Life Investments Property Income Trust and Hammerson and half year results from Palace Capital.