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SCRF - SME Credit Realisation Fund News Story

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Last Trade - 17/09/21

Sector
Financials
Size
Small Cap
Market Cap £72.0m
Enterprise Value £41.2m
Revenue £20.5m
Position in Universe 1125th / 1781

BRIEF-Funding Circle SME Income Fund Establishes Funding Transaction For Loans To Small And Medium-Sized Businesses

Tue 27th November, 2018 5:45pm
Nov 27 (Reuters) - Funding Circle SME Income Fund Ltd
 FCIF.L :
    * ESTABLISHED FUNDING TRANSACTION FOR LOANS TO SMALL AND
MEDIUM-SIZED BUSINESSES (SMES)
    * UNDER TERMS,DEPARTMENT FOR BUSINESS, ENERGY, INDUSTRIAL
STRATEGY
TO PROVIDE UP TO £150 MILLION OF FUNDING VIA SENIOR, FLOATING
RATE, LOAN
    * COMPANY WILL PARTICIPATE IN TRANSACTION BY WAY OF A JUNIOR
INVESTMENT
    * INTENDED THAT FUNDING WILL BE DRAWN DOWN TO REPLACE
COMPANY'S
EXISTING FACILITIES AS THEY ARE SCHEDULED TO AMORTISE OVER
COMING YEARS
    * FUNDING TRANSACTION VIA FUNDING CIRCLE'S UK PLATFORM AND
THROUGH
BRITISH BUSINESS BANK'S ENABLE FUNDING PROGRAMME

Source text for Eikon:  ID:nRSa6849Ia 
Further company coverage:  FCIF.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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