Revolving Credit Facility
MITON UK MICROCAP TRUST PLC (the "Company")
Revolving Credit Facility
The Company has entered into a new £5.0m revolving credit facility ("RCF"), provided by The Royal Bank of Scotland International Limited ("RBS"). The RCF has an initial term of three years, a margin of 1.35% above LIBOR (later SONIA) and an uncommitted accordion of £7.5m. The RCF replaces the previous RBS facility, which had been in place since February 2018.
The Company is currently ungeared but may deploy borrowing to enhance long-term capital growth. Any use of the RCF will be in accordance with the Company's borrowing policy, which limits gearing to 15 per cent. of the Company's net asset value at the time of drawdown.
LEI: 21380048Q8UABVMAG916
Enquiries:
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Miton UK MicroCap Trust plc |
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Gervais Williams / Martin Turner / Claire Long |
Tel: 020 3714 1500 |
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Peel Hunt LLP |
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Luke Simpson / Liz Yong |
Tel: 020 7418 8900 |
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