Seneca Global Income & Growth PLC Debt Facility (2767E)

TIDMSIGT

RNS Number : 2767E

Seneca Global Income & Growth PLC

02 November 2015

Seneca Global Income & Growth Trust plc

Debt Facility

2 November 2015

The Company is pleased to announce that it has put in place a two year short term rolling debt facility of GBP7m. The new facility replaces the two year short term rolling debt facility which expired on 31 October 2015.

The margin on the new facility is 0.7% over LIBOR, significantly less than the 1.15% margin on the facility that it replaces. The other commercial terms on the new facility are similar to those of the facility that it replaces.

The Company was 12% geared at the end of October 2015.

Enquiries:

   David Thomas,           Seneca Invesment Managers Limited,           0151 906 2480 
   Alan Borrows,             Seneca Investment Managers Limited,          0151 906 2461 
   Martin Cassels,           R&H Fund Services Limited,                          0131 524 6140

http://senecaim.com/professional-investors/investment-trust/

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFSIFMEFISEFF

(END) Dow Jones Newswires

November 02, 2015 11:22 ET (16:22 GMT)

Midas Income & Growth Trust (LSE:MIGT)
Historical Stock Chart
From Jun 2024 to Jul 2024