Marble Point Loan Financing Limited MPLF Revolving Credit Facility (1430U)
November 21 2019 - 2:01AM
UK Regulatory
TIDMMPLF
RNS Number : 1430U
Marble Point Loan Financing Limited
21 November 2019
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION TO ANY PERSON
LOCATED OR RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF APPLICABLE LAW. THIS ANNOUNCEMENT IS FOR
INFORMATION PURPOSES ONLY AND IT IS NOT AN OFFER TO PURCHASE, OR A
SOLICITATION OF AN OFFER TO SELL, ANY NOTES OR OTHER
SECURITIES.
21 NOVEMBER 2019
MARBLE POINT LOAN FINANCING LIMITED
NEW REVOLVING CREDIT FACILITY
Marble Point Loan Financing Limited (the "Company") has closed a
credit agreement with City National Bank establishing a revolving
credit facility of up to US$12,500,000 on 20 November 2019. The
facility will provide the Company with flexible capital for
acquiring investments in accordance with its investment objective
and strategy and for general corporate purposes.
"We are pleased that the Company has entered into the revolving
credit facility and believe it is beneficial to shareholders in
that this facility will enable the Company to make further
investments and continue to seek attractive risk-adjusted returns
for its shareholders," said Thomas Shandell, CEO and CIO of Marble
Point Credit Management LLC, the Company's investment manager.
Enquiries:
Marble Point Loan Financing Limited
Investor Relations
www.mplflimited.com
P: +44 (0) 20 7259 1500
E: ir@mplflimited.com
Corporate Broker:
Stifel Nicolaus Europe Limited
P: +44 (0) 20 7710 7600
ABOUT MARBLE POINT LOAN FINANCING LIMITED
Marble Point Loan Financing Limited (the "Company") is a
Guernsey-domiciled closed-ended investment company with its
ordinary shares admitted to trading on the Specialist Fund Segment
of the Main Market of the London Stock Exchange (ticker: MPLF.LN).
The Company is invested in a diversified portfolio of US dollar
denominated, broadly syndicated floating rate senior secured
corporate loans via CLOs and related vehicles managed by Marble
Point Credit Management LLC ("Marble Point") or its affiliates.
Marble Point is an investment adviser registered with the U.S.
Securities and Exchange Commission. Registration does not imply a
certain level of skill or training.
ABOUT CITY NATIONAL
With $56.2 billion in assets, City National Bank provides
banking, investment and trust services through 70 offices,
including 19 full-service regional centers, in Southern California,
the San Francisco Bay Area, Nevada, New York City, Nashville,
Atlanta, Minneapolis and Washington, D.C. In addition, the company
and its investment affiliates manage or administer $78.0 billion in
client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one
of North America's leading diversified financial services
companies. RBC serves more than 16 million personal, business,
public sector and institutional clients through offices in Canada,
the United States and 34 other countries.
For more information about City National, visit the company's
website at cnb.com.
Important Information
This document has been issued by the Company and is the sole
responsibility of the Company. This document and the information
and views included herein do not constitute investment advice, or a
recommendation or an offer to enter into any transaction with the
Company or any of its affiliates. Each recipient of this document
should make such investigations as it deems necessary to arrive at
an independent evaluation of any investment and should consult its
own legal counsel and financial, actuarial, accounting, regulatory
and tax advisers to evaluate any such investment. This document is
provided for informational purposes only, does not constitute an
offer to sell any Notes or Shares issued by the Company or a
solicitation of an offer to purchase any such Notes or Shares in
the United States, Australia, Canada, the Republic of South Africa,
Japan or any other jurisdiction, and is not a prospectus. This
document may not be relied upon and should not be used for the
purpose of making any investment decision.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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