16 Mar 2020 07:00
Keystone Investment Trust Plc - Statement re Restructuring of BorrowingsKeystone Investment Trust Plc - Statement re Restructuring of Borrowings
PR Newswire
London, March 15
Keystone Investment Trust plc
LEI: 5493002H3JXLXLIGC563
HEADLINE: Restructuring of Borrowings
Further to the announcement of 10 February 2020, the Company announces that it has redeemed all of its outstanding 7.75% Debenture Stock 2020 (the “Stock”) and all of the outstanding 6.5% Bonds 2023 (the “Bonds”).
The redemption of the Stock and Bonds was funded from a new £45 million committed revolving credit facility provided by The Bank of New York Mellon, London Branch.
Karen Brade, Chairman, commented:
“We are pleased to have completed the refinancing of the Company’s debt, which introduces more flexible and lower cost borrowings.”
Invesco Asset Management LimitedCompany Secretary
16 March 2020