Schroder UK Public Private Tst plc Extension of Credit Facility (6236L)
January 14 2021 - 2:00AM
UK Regulatory
TIDMSUPP
RNS Number : 6236L
Schroder UK Public Private Tst plc
14 January 2021
Schroder UK Public Private Trust plc (the "Company")
Extension of Credit Facility
The Board of Schroder UK Public Private Trust plc (LSE:SUPP) is
pleased to announce that it has agreed to an amendment to its
existing credit facility (the "Facility") to extend the term for 24
months to 30 January 2023.
The commitment under the Facility has been reduced to GBP107.03
million, in-line with the amount currently drawn under the Facility
and consistent with the Company's intention to reduce borrowings.
The annual interest rate will be the Bank of England Bank Rate +
2.00 per cent. The Facility will convert to a revolving credit
facility with a size of GBP60 million once the loan balance reaches
a GBP60 million outstanding balance.
This announcement contains inside information as defined under
the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
Schroders
0207 658
Estelle Bibby 3431
(Press)
020 7658
Gareth Faith 5264
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