HgCapital Trust PLC HGT announces completion of GBP200m credit facility (4363B)

TIDMHGT

RNS Number : 4363B

HgCapital Trust PLC

08 October 2020

HgCapital Trust plc ("HGT") today announces the completion of a GBP200m multicurrency revolving credit facility ("the facility").

The facility will be used to help ensure the future growth of HGT to fund investments, co-investments, and further commitments to Hg ("the Manager") funds.

HGT's net liquid resources available for future deployment (including all announced transactions and the interim dividend payable in October 2020) are estimated to be GBP398 million (34% of the 31 August 2020 pro-forma NAV of GBP1.16 billion, including the increase in equity via tap equity issues over the third quarter of 2020). These figures include the repayment of the GBP80m bank facility previously utilised and the potential use of the further GBP200m agreed facility as detailed above.

HGT's outstanding commitments to invest in Hg transactions are approximately GBP759 million (65% of the 31 August 2020 pro-forma NAV).

HGT was advised by Deloitte Debt & Capital Advisory.

For further details:

Laura Dixon +44 (0)20 8396 0930

Brunswick

Samantha Chiene +44 (0)207 404 5959

About HgCapital Trust plc

HgCapital Trust plc, whose shares are listed on the London Stock Exchange (ticker: HGT.L), gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com .

The contents of the HGT, Hg and Deloitte websites are not incorporated into, and do not form part of, this announcement.

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October 08, 2020 02:00 ET (06:00 GMT)

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