Apax Global Alpha Ltd - British investment trust - Reaches an agreement with Credit Suisse AG, London Branch, to amend the terms of its revolving credit facility. The revised agreement converts the previous facility, which was due to expire in November 2021, to a perpetual evergreen structure whereby either party is required to give two years notice to terminate the agreement. The amended revolving credit facility remains at EUR140 million. The company says the revolving credit facility will continue to be used in accordance with its investment policy to finance or refinance its general corporate purposes.
Current stock price: 195.00 pence, up 2.6% on Tuesday
Year-to-date change: up 0.7%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Apax Global Alpha (APAX)