Amendment of Loan Facilities

RNS Number : 0280H

Aberdeen Standard Equity Income Tst

20 March 2020

 

ABERDEEN STANDARD EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

20 March 2020

Amendment of Loan Facilities

Aberdeen Standard Equity Income Trust Plc ("the Company") announces that it has amended its five year revolving credit facility with Banco Santander S.A., London Branch ("Loan Facility").

With effect from 19 March 2020, the Loan Facility has reduced from £40 million to £20 million, and the margin has increased from 100 basis points over LIBOR to 130 basis points over LIBOR.  The loan covenants under the Loan Facility have also been amended and require that the Company's gross assets will not be less than £100 million (previously £150 million).

The Loan Facility is fully drawn.  No other changes have been made.

For further information please contact:-

Evan Bruce-Gardyne

Aberdeen Standard Investments

Tel: [phone]

 

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