Debt Facility

RNS Number : 2767E

Seneca Global Income & Growth PLC

02 November 2015

 



Seneca Global Income & Growth Trust plc

Debt Facility

2 November 2015

The Company is pleased to announce that it has put in place a two year short term rolling debt facility of £7m. The new facility replaces the two year short term rolling debt facility which expired on 31 October 2015.

The margin on the new facility is 0.7% over LIBOR, significantly less than the 1.15% margin on the facility that it replaces.  The other commercial terms on the new facility are similar to those of the facility that it replaces.

The Company was 12% geared at the end of October 2015.

Enquiries:

David Thomas,           Seneca Invesment Managers Limited,           0151 906 2480

Alan Borrows,             Seneca Investment Managers Limited,          0151 906 2461

Martin Cassels,           R&H Fund Services Limited,                          0131 524 6140

http://senecaim.com/professional-investors/investment-trust/

 

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