Re-financing of Loan Facility (8556X)
February 22 2012 - 1:00AM
UK Regulatory
TIDMFPEO TIDMFPER
RNS Number : 8556X
F&C Private Equity Trust PLC
22 February 2012
To: RNS
Date: 21 February 2012
From: F&C Private Equity Trust plc
Re-financing of Loan Facility
The Board of F&C Private Equity Trust plc ('the Company') is
pleased to announce that, on 21 February 2012, the Company entered
into a new GBP50 million unsecured committed multi-currency
revolving credit facility with The Royal Bank of Scotland plc
('RBS'). The new facility expires on 21 February 2016 and contains
similar covenants to the Company's previous GBP40 million facility
with RBS which was due to expire on 30 April 2012 and which has
been cancelled.
The Board believes that this larger facility will provide
greater flexibility for the Company to fund its investment
activity. In addition, the Board is pleased to have secured a
facility which, subject to compliance with covenants, will be more
than sufficient to repay the Group's Zero Dividend Preference
Shares on their maturity date in December 2014 and which extends
comfortably beyond that maturity date.
For more information, please contact:
Hamish Mair (Investment Manager) 0131 718 1184
hamish.mair@fandc.com
Gordon Hay Smith (Company Secretary) 0131 718 1018
gordon.haysmith@fandc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAXAFADAAEFF
F&C Priv. Res (LSE:FPER)
Historical Stock Chart
From Jun 2024 to Jul 2024
F&C Priv. Res (LSE:FPER)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about F&C Priv. Res (London Stock Exchange): 0 recent articles
More F&C Priv. Res News Articles