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Debt Facility

18 Sep 2015 12:02

RNS Number : 5256Z
Standard Life Euro Pri Eqty Tst PLC
18 September 2015
 

STANDARD LIFE EUROPEAN PRIVATE EQUITY TRUST PLC (THE "COMPANY")

 

Debt facility

 

On 18 September 2015 the Company entered into a new £80 million syndicated revolving credit facility, provided by Citi and Societe Generale, to replace its existing £80 million debt facility provided by The Royal Bank of Scotland plc and Citi. The new debt facility has a margin of 1.50%, rising to 1.70% depending on utilisation; a commitment fee of 0.70%; and expires on 31 December 2020. The terms of the new facility are more favourable than the terms of the existing facility, which had a margin of 2.75% and a commitment fee of 1.03%.

 

For Standard Life European Private Equity Trust PLC

Personal Assets Trust Administration Company Limited, SECRETARY

 

For further information please contact:-

Peter McKellar or Roger Pim at SL Capital Partners LLP (on 0131 245 0055)

 

 

18 September 2015

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODUWVRRVKAKAAR
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