Revolving Multi-Currency Credit Facility

RNS Number : 7842Q

Murray Income Trust PLC

29 October 2021

 

Murray Income Trust PLC

Legal Entity Identifier (LEI):  549300IRNFGVQIQHUI13

Revolving Multi-Currency Credit Facility

29 October 2021

Murray Income Trust PLC (the "Company") announces that it has entered into a new, three year multi-currency revolving credit facility (the "Facility") of £50 million with The Bank of Nova Scotia, London Branch (the "Lender"), which replaces the Company's £20 million facility with Scotiabank Europe PLC.

Under the terms of the Facility, the Company has the option to increase the level of the commitment from £50 million to £70 million at any time, subject to the identification by the Manager of suitable investment opportunities and the Lender's credit approval.

The Directors consider the increased Facility to be appropriate to reflect the approximate doubling of the size of the Company following the merger with Perpetual Income and Growth Investment Trust PLC in November 2020.

The equivalent of £6.3 million has been drawn under the Facility, in a combination of currencies.

For further information, please contact:

Stuart Reid

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

END

 

 

MSCMLBITMTATBRB