New Revolving Credit Facility

RNS Number : 7084J
Mercantile Investment Trust(The)PLC
23 December 2020
 

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE MERCANTILE INVESTMENT TRUST PLC

(the 'Company')

 

New Revolving Credit Facility

 

 

Legal Entity Identifier: 549300BGX3CJIHLP2H42

 

The Board of The Mercantile Investment Trust plc is pleased to announce that it has today entered into a two year revolving credit facility for £100 million with the London Branch of The Bank of Nova Scotia.

 

This facility is in addition to the existing £178.85 million (at par value) of long dated debt instruments already in issue by the Company and will be used to provide portfolio gearing.

 

The Company's existing gearing range of 10% net cash to 20% geared remains unchanged.

 

 

 

JPMorgan Funds Limited,

Company Secretary

23rd December 2020

 

 

 

For further information, please contact:

 

Richard Plaskett

Alison Vincent

JPMorgan Funds Limited 

020 7742 4000

 

 

 

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