New Loan Facility

RNS Number : 9994E

abrdn UK Smaller Cos. Growth Trust

02 November 2022

 

ABRDN UK SMALLER COMPANIES GROWTH TRUST PLC  

Legal Entity Identifier (LEI): 213800J6D2TVHRGKBG24

New Loan Facility

2 November 2022

abrdn UK Smaller Companies Growth Trust plc ("the Company") announces that it has agreed a new revolving credit facility of £40 million (the "RCF") with The Royal Bank of Scotland International Limited. The RCF has a further uncommitted accordion provision allowing the Company to request an increase, subject to lender's approval, of up to an additional £25 million.  The Company drew £25 million of the RCF on 1 November 2022 and used the proceeds drawn to repay, in full, the existing £25 million fixed-rate loan which matured on that date. 

The new facility will expire on 1 November 2025. 

For further information please contact:-

Evan Bruce-Gardyne

Client Director, Closed End Funds

abrdn plc

Tel: [phone]

 

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