REG - Murray Inc Trust PLC - Unsecured Revolving Multi-Currency Credit Facility

Murray Income TrustAnnouncement

29/10/2024 07:00

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RNS Number : 9214J  Murray Income Trust PLC  29 October 2024

Murray Income Trust PLC

Legal Entity Identifier (LEI):  549300IRNFGVQIQHUI13

Unsecured Revolving Multi-Currency Credit Facility

29 October 2024

Murray Income Trust PLC (the "Company") announces that it has entered into a
new, unsecured, three year multi-currency revolving credit facility (the
"Facility") of £30 million with The Royal Bank of Scotland International
Limited, London Branch (the "Lender"), which will expire on 22 October 2027.

The Company has drawn down CHF363,000, USD2.4m, EUR4.05m, NOK4.275m and
DKK2.75m (equivalent to £6.1m in aggregate) under the Facility.

Amounts drawn down under the Facility have been used to repay the Company's
drawings under its £50 million unsecured multi-currency revolving credit
facility with The Bank of Nova Scotia, London Branch, which expired on 27
October 2024.

Under the terms of the Facility, the Company also has the option to increase
the level of the commitment from £30 million to £50 million at any time,
subject to the Lender's credit approval.

The Company also has in place £100m of long term borrowings, made up of £40m
loan notes redeemable at par in November 2027 and £60m loan notes redeemable
at par in May 2029.

The level of the Company's borrowings, which amounts to £106m in Sterling
terms (as at 25 October 2024) as a result of this Facility and the two loan
notes, remains unchanged.

 

For further information, please contact:

Stuart Reid

abrdn Holdings Limited

Secretaries

 

Email:  cef.cosec@abrdn.com (mailto:cef.cosec@abrdn.com)

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