Debt Facility

RNS Number : 2602V

Seneca Global Income & Growth PLC

01 November 2017

 

To:                  RNS

From:              Seneca Global Income & Growth Trust plc

LEI:                   213800OQTUSRFDIL9L29

Date:              1 November 2017

Debt Facility

The Company is pleased to announce that it has put in place a three year rolling debt facility for £14 million. This new facility replaces the two year rolling debt facility of £11 million which expired on 31 October 2017.

The margin on the new facility is 1.1% over LIBOR. The other commercial terms on the new facility are similar to those of the facility it replaces.

Enquiries:

Steven Cowie,   PATAC Limited,                                                                    0131 538 1400

David Thomas,  Seneca Investment Managers Ltd,                                      0151 906 2480

Alan Borrows,    Seneca Investment Managers Ltd,                                      0151 906 2461          

 

END

 

 

MSCFSEFFFFWSESF