1 Nov 2017 12:22
STANDARD LIFE UK SMALLER COMPANIES TRUST PLC
1 NOVEMBER 2017
NEW DEBT FACILITIES
Standard Life UK Smaller Companies Trust plc (the "Company") is pleased to announce it has today entered into a £45m unsecured facility agreement with The Royal Bank of Scotland plc. The facilities consist of a 5 year term loan facility of £25m (the "Term Loan") and a 5 year revolving credit facility of £20 million (the "RCF").
The facility agreements include terms which are typical for facilities of this nature; including minimum net asset and loan to value covenants.
All enquiries:
Evan Bruce-Gardyne
Head of Investment Companies, Standard Life Investments Tel. 0345 600 2268