DDE Develica

 

TIDMDDE 
 
RNS Number : 6235Q 
Develica Deutschland Ltd 
15 April 2009 
 

FOR IMMEDIATE RELEASE 
15 April 2009 
 
 
DEVELICA DEUTSCHLAND LIMITED: 
("Develica" or "the Company") 
WAIVER AND AMENDMENT TO CREDIT FACILITIES 
 
 
Develica, the AIM-listed German property investment company, today reports that 
discussions with its majority lender for a waiver and amendment to its credit 
facilities continue to progress although it has taken longer to conclude than 
originally anticipated. 
 
 
The Company announced in its half year report, published at the end of December 
2008, that agreement in principle had been reached for a waiver and amendment to 
the credit facilities with its majority lender. 
 
 
The position today is that detailed documentation is now being finalised and 
Develica expects to be able to make a further more detailed announcement 
shortly. At the same time the Company can report that it continues to hold 
positive discussions with its other principal lenders. 
 
 
Ends 
 
 
Contact: 
    Derek Butler, Chairman, Develica.     Tel:   020 7016 1860 
    Baron Phillips, Baron Phillips Associates.    Tel:   020 7920 3161 
                                                       07767 444193 
    Philip Secrett, Grant Thornton UK LLP   Tel:    020 7728 2578 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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