GLIF.L Regulatory News (GLIF)

23 Jul 2007 07:00

T2 Income Fund Limited23 July 2007 T2 Income Fund Limited ("the Company" or "T2") Announces Refinancing of Credit Facility GUERNSEY - 20 July 2007. T2 Income Fund Limited (TIDM:T2I) announces that on 19July 2007 the Company's subsidiary, T2 Income Fund CLO I Ltd., has completedthe sale of approximately £125 million of long-term notes ("Notes") torefinance the previously announced credit facility that had been establishedwith Merrill Lynch. The Notes have a 12-year term and a weighted average interest rate of LIBOR plus75 basis points. The net proceeds of the Notes (after repayment of the MerrillLynch credit facility) will be used to make new investments. About T2 Income Fund Limited T2 is a closed-ended Guernsey based exempt investment company which investsprimarily in the debt and equity securities of small to medium sized companies.Companies interested in learning more about financing opportunities shouldcontact Barry Osherow at +1 203 661-9572 Forward-Looking Statements This press release contains forward-looking statements subject to the inherentuncertainties in predicting future results and conditions. Any statements thatare not statements of historical fact (including statements containing the words"believes," "plans," "anticipates," "expects," "estimates" and similarexpressions) should also be considered to be forward-looking statements. Certainfactors could cause actual results and conditions to differ materially fromthose projected in these forward-looking statements. We undertake no obligationto update such statements to reflect subsequent events. Enquiries T2 Advisers, LLC Patrick Conroy +1 203 983 5282 Grant Thornton Corporate Finance Philip Secrett 0870 991 2578 This information is provided by RNS The company news service from the London Stock Exchange