Sign In
21 Nov 2019 07:00
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IT IS NOT AN OFFER TO PURCHASE, OR A SOLICITATION OF AN OFFER TO SELL, ANY NOTES OR OTHER SECURITIES.
21 NOVEMBER 2019
MARBLE POINT LOAN FINANCING LIMITED
NEW REVOLVING CREDIT FACILITY
Marble Point Loan Financing Limited (the "Company") has closed a credit agreement with City National Bank establishing a revolving credit facility of up to US$12,500,000 on 20 November 2019. The facility will provide the Company with flexible capital for acquiring investments in accordance with its investment objective and strategy and for general corporate purposes.
"We are pleased that the Company has entered into the revolving credit facility and believe it is beneficial to shareholders in that this facility will enable the Company to make further investments and continue to seek attractive risk-adjusted returns for its shareholders," said Thomas Shandell, CEO and CIO of Marble Point Credit Management LLC, the Company's investment manager.
Enquiries:
Marble Point Loan Financing Limited
Investor Relations
www.mplflimited.com
P: +44 (0) 20 7259 1500
E: ir@mplflimited.com
Corporate Broker:
Stifel Nicolaus Europe Limited
P: +44 (0) 20 7710 7600
ABOUT MARBLE POINT LOAN FINANCING LIMITED
Marble Point Loan Financing Limited (the "Company") is a Guernsey-domiciled closed-ended investment company with its ordinary shares admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange (ticker: MPLF.LN). The Company is invested in a diversified portfolio of US dollar denominated, broadly syndicated floating rate senior secured corporate loans via CLOs and related vehicles managed by Marble Point Credit Management LLC ("Marble Point") or its affiliates. Marble Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training.
ABOUT CITY NATIONAL
With $56.2 billion in assets, City National Bank provides banking, investment and trust services through 70 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. In addition, the company and its investment affiliates manage or administer $78.0 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America's leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 34 other countries.
For more information about City National, visit the company's website at cnb.com.
Important Information
This document has been issued by the Company and is the sole responsibility of the Company. This document and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with the Company or any of its affiliates. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of any investment and should consult its own legal counsel and financial, actuarial, accounting, regulatory and tax advisers to evaluate any such investment. This document is provided for informational purposes only, does not constitute an offer to sell any Notes or Shares issued by the Company or a solicitation of an offer to purchase any such Notes or Shares in the United States, Australia, Canada, the Republic of South Africa, Japan or any other jurisdiction, and is not a prospectus. This document may not be relied upon and should not be used for the purpose of making any investment decision.
Follow the stocks
