Renewal of Revolving Credit Facility

RNS Number : 4771D

Aberdeen New Dawn Invest Trust PLC

29 June 2021

 

Aberdeen New Dawn Investment Trust PLC (the "Company")

Legal Entity Identifier (LEI):  5493002K00AHWEME3J36

Renewal of Revolving Credit Facility

29 June 2021

The Company announces that it has renewed the £20 million revolving element of its £40 million loan facility with the Royal Bank of Scotland International Limited, London Branch. The facility, which is unsecured, now consists of the following:

· a £20 million loan which was drawn in full on 14 December 2018 and fixed for five years to 14 December 2023 at an all-in rate of 2.626%;

· a three year £20 million multi-currency revolving credit facility maturing on 28 June 2024.

Following the renewal of the facility the Company's total borrowings are unchanged and amount to approximately £32.7 million, comprising the fixed rate loan of £20 million and a Sterling equivalent of approximately £12.7 million which is drawn down in a combination of Hong Kong Dollars, US Dollars and Sterling.

For further information, please contact:

Gordon Hay Smith
Aberdeen Asset Management PLC
Secretaries
Tel. [phone]

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