New Bank Facility

RNS Number : 7273H

Aberdeen Asian Smaller Co's Inv Tst

09 June 2017

 

Aberdeen Asian Smaller Companies Investment Trust PLC (the "Company")

Legal Entity Identifier (LEI):  549300U76MLZF5F8MN87

New Loan Facility

9 June 2017

The Company announces that it has agreed a new three year multicurrency revolving loan facility and a term loan facility in an aggregate amount of $25 million with The Royal Bank of Scotland plc. Under the term loan facility $12.5 million has been drawn down and fixed for three years at an all-in rate of 2.506%. $9 million of the term loan proceeds has been used to repay a maturing loan with State Street.  Up to $12.5 million remains available for drawing in the future under the revolving loan facility.

 

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