Dunedin Inc.Growth - Renewal of Loan Facility
09/08/2024 14:23
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240809:nRSI9542Za&default-theme=true
RNS Number : 9542Z Dunedin Income Growth Inv Tst PLC 09 August 2024
Dunedin Income Growth Investment Trust PLC (the "Company")
Legal Entity Identifier (LEI): 549300PPXLZPR5JTL763
Renewal of Loan Facility with New Lender
9 August 2024
The Company announces that it has renewed its £30 million multi-currency
revolving credit facility (the "Facility") with Bank of America, N.A., London
Branch (the "Lender") on a secured basis.
This facility replaces the expiring, unsecured, £30 million multi-currency
revolving credit facility with Bank of Nova Scotia London Branch ("BNS"),
which expired on 8 August 2024.
Under the terms of the Facility, the Company has the option to increase the
level of the commitment from £30 million to £40 million at any time, subject
to the Lender's consent.
The Company has drawn down €22.6 million (GBP equivalent 19.3 million) under
the Facility for a one month interest period, which was used to repay the
expiring BNS facility in full.
This facility sits alongside the Company's £30 million secured 30 year loan
note, which is drawn down in full until 8 December 2045 at an all-in rate of
3.99%.
Following this renewal, the level of the Company's borrowings remains
unchanged.
Enquiries:
Gordon Hay Smith
abrdn Holdings Limited
Secretaries
0131 372 2200
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDQKCBBNBKDBFK