Bank Borrowings

RNS Number : 0910B

Polar Capital Technology Trust PLC

02 October 2015

 



Polar Capital Technology Trust PLC (the "Company")

2 October 2015

Drawdown of Debt

The Company would like to announce that on 2 October 2015 it has drawn down JPY 2.8bn and USD 23m three year fixed rate term loans from ING Bank N.V.

Both loans fall due for repayment on 2 October 2018.  The JPY loan has been fixed at an all-in rate of 0.995%pa and the USD loan has been fixed at an all-in rate of 2.21%pa.

The Company has repaid a £14 million one year facility which had been drawn down in Yen and US Dollars from ING Bank N.V. and allowed to lapse a £14m revolving credit facility with ING Bank N.V. on 2 October 2014.

For further information, please contact:

Neil Taylor

Telephone: [phone]

 

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