Master Fund Loan Refinance

RNS Number : 5126J

Marwyn Value Investors Limited

12 June 2014

 



12 June 2014

Marwyn Value Investors Limited (the "Company")

Secured revolving credit facility

The Company announces that the underlying fund in which it has invested, Marwyn Value Investors L.P., (the "Master Fund") has today entered into a £45 million secured revolving credit facility with Credit Suisse (the "Facility") to refinance its existing facility of £10 million which was due to expire on 16^th February 2015.  

The Facility is not allocated to any particular class of interests in the Master Fund and may be used to make investments for any class open for investment and for general corporate purposes.  It has a three year term and is repayable in full at final maturity. Drawdown under the Facility is subject to certain covenants and other conditions precedent. The maximum amount currently available for drawdown is approximately £35 million.  Pursuant to the Facility, a commitment fee of 0.5 per cent. is payable on all undrawn amounts and interest at a rate of 3 month LIBOR plus 2 per cent. is payable on all drawn amounts.

Enquiries to:

Axio Capital Solutions Limited Axio House, Robin Place St Helier Jersey, JE2 4LT Telephone: [phone] Fax: [phone]

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