Financing

RNS Number : 0895D

BMO Private Equity Trust PLC

24 June 2019

 

To:                   RNS

Date:                24 June 2019

From:               BMO Private Equity Trust PLC ("the Company")

Financing

The Board is pleased to announce that, on 19 June 2019, the Company entered into a new five-year unsecured facility agreement with The Royal Bank of Scotland International Limited ('RBSI'). This facility is comprised of a €25 million term loan and a £75 million multi-currency revolving credit facility. This new facility replaces the Company's previous arrangements with Royal Bank of Scotland plc.   The previous facility comprised a €30 million term loan and £45 million multi-currency revolving credit facility.

The Board is pleased to have secured this new, larger and cheaper facility which will allow the Company to maintain a moderately but flexibly geared structure with the ability to draw borrowings in multiple currencies.

Legal Entity Identifier: 2138009FW98WZFCGRN66

For further information please contact:

BMO Asset Management (Holdings) PLC                       

0207 628 8000

 

END

 

 

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