Company Announcements

Extension of Credit Facility

Source: RNS
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 £107.03 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 £60 million once the loan balance reaches a £60 million outstanding balance.

 

This announcement contains inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.

 

 

Enquiries:

 

 

Schroders

 

Estelle Bibby (Press)

 

Gareth Faith

0207 658 3431

 

020 7658 5264

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGPUUUGUPGPUW