ICG Enterprise Trust Icg Enterprise Trust Plc: Revolving Credit Facility Update
March 01 2021 - 2:51AM
UK Regulatory
TIDMICGT
New EUR200m revolving credit facility
ICG Enterprise Trust ("ICGT") is pleased to announce that it has entered
into a new four year EUR200m Revolving Credit Facility ("RCF") with
Credit Suisse, effective from 26 February 2021. This replaces the
previous EUR176m facility.
The RCF will be used to finance short term fluctuations in working
capital and draw downs on commitments.
Oliver Gardey, Head of Private Equity Fund Investments at ICG,
commented:
"We are very pleased to have entered into this facility, which
reinforces our strong balance sheet and liquidity profile. We have an
attractive pipeline of investment opportunities and are well positioned
to execute them. ICG Enterprise Trust benefited from a deep pool of ICG
plc expertise during the negotiation of this facility, further
demonstrating the advantages of being part of the platform."
Enquiries
Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
James Caddy, Investor Relations, ICG
Media:
Fiona Laffan, Global Head of Corporate Affairs, ICG
+44 (0) 20 3545 1510
Ed Gascoigne Pees, Eddie Livingstone-Learmonth, Camarco
+44 (0) 20 3757 4993
Disclaimer
This report may contain forward looking statements. These statements
have been made by the Directors in good faith based on the information
available to them up to the time of their approval of this report and
should be treated with caution due to the inherent uncertainties,
including both economic and business risk factors, underlying such
forward-looking information. These written materials are not an offer of
securities for sale in the United States. Securities may not be offered
or sold in the United States absent registration under the US Securities
Act of 1933, as amended, or an exemption therefrom. The issuer has not
and does not intend to register any securities under the US Securities
Act of 1933, as amended, and does not intend to offer any securities to
the public in the United States. No money, securities or other
consideration from any person inside the United States is being
solicited and, if sent in response to the information contained in these
written materials, will not be accepted.
(END) Dow Jones Newswires
March 01, 2021 03:51 ET (08:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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