Update on Debt Facility

RNS Number : 4749O

Templeton Emerging Markets IT PLC

31 January 2023

 

31 January 2023

Templeton Emerging Markets Investment Trust PLC (the "Company")

Legal Entity Identifier: 5493002NMTB70RZBXO96

Amendment and Restatement of Debt Facility

The Company announces that its multicurrency revolving facility agreement with The Bank of Nova Scotia (the "Debt Facility") has been amended and restated pursuant to an amendment and restatement agreement dated 31 January 2023 (the "Amendment and Restatement Agreement").

Pursuant to the Amendment and Restatement Agreement, the maturity date under the Debt Facility has been extended to 30 January 2024. The commitment fee on unutilised commitments has also been amended to a flat fee of 0.4 per cent. per annum. The other material terms of the Debt Facility remain unchanged.

As at the date of this announcement, the Debt Facility is undrawn.

 Paul Manduca, Chairman of the Board commented:

"The Company's gearing policy currently permits debt of up to 20% of net asset value. The Board has decided that renewing the Debt Facility to maintain the flexibility to use gearing when appropriate remains appropriate."

For further information please email [e-mail] or contact Client Dealer Services at Franklin Templeton on free phone [phone] for overseas investors, or e-mail [e-mail] .

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