31 Dec 2012 08:00
RNS Number : 3814U
Standard Life Euro Pri Eqty Tst PLC
31 December 2012
To: RNS
From: Standard Life European Private Equity Trust PLC
Date: 31 December 2012
Standard Life European Private Equity Trust PLC
Debt facility
On 31 December 2012 the Company entered into a new £80 million syndicated revolving credit facility, led by The Royal Bank of Scotland plc to replace the existing £120 million facility. This facility has an interest rate of 2.75% over LIBOR and expires on 31 December 2016. Given the Company's improved financial position and a proposed lower proportion of outstanding commitments in future, the Board and the Manager have decided that a smaller credit facility is appropriate.
For further information please contact:-
Peter McKellar of SL Capital Partners LLP (on 0131 245 0055)
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