Drawdown of Loan Note

RNS Number : 8333Y

Murray International Trust PLC

17 May 2021

 

17 May 2021

Murray International Trust PLC ("the Company")

Legal Entity Identifier (LEI): 549300BP77JO5Y8LM553

Drawdown of Loan Note and Repayment of £50 million revolving credit facility

Further to the Board's announcement of 12 April 2021 regarding the Company's new long-term fixed rate borrowing, the Company today confirms that the proceeds from the issuance of its £50 million 10 year Senior Unsecured Loan Note were drawn down on 13 May 2021 and used to repay the Company's £50 million revolving credit facility with the Royal Bank of Scotland International Limited, London Branch.

As previously advised, an additional £150 million will also be available for drawdown by the Company under the new facility for a five year period, with the Board's current intention to draw this down only to repay any of the Company's existing debt.

The Company's borrowings total approx. £200m, which represents a net gearing level of 12.8% based on the Company's Net Asset Value as at 13 May 2021.  

Contacts

Aberdeen Standard Investments

William Hemmings  020 7463 6223

Charles Mearns 0131 528 1432

 

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