Intermediate Capital Group plc
26 June 2013
Intermediate Capital Group plc announces planned fund redemption
Intermediate Capital Managers Limited ("ICML"), a wholly owned subsidiary of Intermediate Capital Group plc, announces its intention to call for the redemption of Eurocredit Opportunities Parallel Funding I Ltd ("Parallel CLO").
ICML plans to call for the redemption of the Parallel CLO within the next 6 months, subject to appropriate market conditions. All redemption proceeds, together with any cash balances in the Fund, will be distributed to the relevant investors in accordance with the transaction documentation.
ICML in its capacity as collateral manager of the Fund has the sole discretion to call for the redemption of the Parallel CLO.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Helen Barnes
Corporate Communications, ICG plc
+44 (0) 20 3201 7760
Neil Bennett
Maitland
+44 (0) 20 379 5151