REG - TempletonEmerg.Mkt. - Debt Facility

Templeton Emerging Markets Investment TrustAnnouncement

Yesterday 10:45

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RNS Number : 8328G  Templeton Emerging Markets IT PLC  30 April 2025

Templeton Emerging Markets Investment Trust PLC (the "Company")

Legal Entity Identifier: 5493002NMTB70RZBXO96

30 April 2025

 

Debt Facility

On 29 April 2025, the Company drew down CNH300 million for one month under its
existing £122 million revolving loan facility and on 30 April 2025 the
Company repaid £40 million of the £80 million currently drawn down in pounds
sterling.

 

Therefore, with effect from 30 April 2025, the Company's debt consists of £40
million and CNH300 million. At current exchange rates, CNH300 million is
equivalent to approximately £31 million and therefore the Company's total
debt is approximately £71 million.

 

There is a margin of 1.1% per annum over the relevant market reference rate on
drawings in any of the three currencies allowed under the facility (GBP, USD
or CNH) and a commitment fee of 0.40% per annum on undrawn amounts.

 

The Company has no other debt. As of 30 April, the Company's net gearing
position based on the latest available net asset value ('NAV') is 0.0% (net of
cash in the portfolio).

 

 

For further information please email temitcosec@franklintempleton.com
(mailto:temitcosec@franklintempleton.com)

 

 

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any
member state of the European Economic Area, Canada, Australia, Japan or the
Republic of South Africa.

 

 

END

 

 

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