REG - AVI Japan Opport.Tst - Increase in Debt Facility

AVI Japan Opportunity TrustAnnouncement

31/03/2025 16:15

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RNS Number : 9854C  AVI Japan Opportunity Trust PLC  31 March 2025

31 March 2025

 

AVI JAPAN OPPORTUNITY TRUST PLC (the "Company")

Increase in Debt Facility

The Company announces that as of 28 March 2025, the Board has successfully
agreed with The Bank of Nova Scotia, to increase its unsecured revolving
credit facility to JPY 6.6 billion (approximately £34.5 million at the
exchange rate on that date).

The facility, originally established on 4 April 2019 with an initial limit of
JPY 1.465 billion and later increased to JPY 2.93bn, was structured to provide
the Company with flexible financing options. The Board constantly reviews the
level of the facility as performance evolves and this decision to increase its
size comes off the back of strong NAV growth over a sustained period of time
for the Company.

Following the drawdown of the additional funds, the Company's maximum gearing
is expected to be approximately 15% of its net assets, based on the total net
assets as of 28 March 2025, and within its investment policy restriction of
not exceeding 25% of net asset value at the time of drawdown.

For further information, please contact:

 

Joe Bauernfreund,

Asset Value Investors Limited

Tel: 020 7659 4800

 

LEI: 894500IJ5QQD7FPT3J73

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