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Aberdeen Latin American Income Pens GBP6 Million Loan Agreement

Fri, 14th Aug 2020 16:40

(Alliance News) - Aberdeen Latin American Income Fund Ltd on Friday said it has entered into a revolving loan facility with Scotiabank Europe PLC.

The GBP6 million multi-currency revolving credit agreement replaces an GBP8 million which matured on Friday.

"The existing drawings of GBP5.5 million have been rolled under the new facility to September 14, 2020 at an all-in rate of 1.50713%," the investment firm said.

Shares in the company closed 1.3% lower at 49.85 pence each in London on Friday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

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