LONDON (Alliance News) - RM Secured Direct Lending PLC on Tuesday said it has deployed all of the cash it had available for investment in December and has subsequently spent GBP2.4 million of its GBP10 million revolving credit facility.
The cash was used in four new transactions in the telecommunications equipment, receivables and asset financing, and real estate sectors.
The transactions were structured by RM Secured Direct Lending's investment manager and, the company said, consistent with its policy as they offered "robust security packages" and yielded cash coupons of more than 8.0% per annum.
RM Secured Direct Lending said it does not incur and non-utilisation fees in connection with its credit facility, which was provided by OakNorth Bank.
Shares in RM Secured Direct Lending were untraded at 100.06 pence on Tuesday.