Loan Facilities

RNS Number : 0039S
F&C UK High Income Trust PLC
27 September 2017
 

 

To:                   RNS

Date:                27 September 2017

Company:        F&C UK High Income Trust plc (the "Company")

 

 

 

Loan Facilities

 

The Company announces that it has entered into an unsecured term loan facility agreement for £7.5 million for a five year term at a fixed rate of 2.58% with Scotiabank Europe plc ("SBE").

 

This facility will be fully drawn down on 28 September 2017 and, together with cash resources, will be used to repay the Company's existing £18 million loan facility with JPMorgan Chase Bank, N.A., which matures on that date.

 

The Company has also entered into a five year unsecured multicurrency revolving credit facility with Scotiabank (Ireland) Designated Activity Company, for £7.5 million. 

 

The Board believes that the combination of these facilities gives the Company greater flexibility in pursuit of its investment objective.

 

 

I Ridge

For and on behalf of

F&C Investment Business Limited,

Company Secretary

Telephone: 020 7628 8000

 

 


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