Scotiabank bridge facility - repayment of facility

RNS Number : 1629G

UIL Limited

25 May 2017

 

24 May 2017

UIL Limited

Scotiabank £25m bridge facility - repayment of facility

Further to the announcement on 24 April 2017, UIL Limited ("UIL") is pleased to announce that it has now repaid its senior secured multicurrency bridge facility with Scotiabank Europe PLC ("Scotiabank").  

Having been fully drawn as to NZ$43.75 million as at 31 March 2017, UIL repaid NZ$8.75 million on 13 April 2017 and repaid the balance of NZ$35.0 million today.  UIL continues to utilise its existing £50 million committed senior secured multicurrency revolving facility with Scotiabank which runs until 22 March 2018.

For further information please contact:

ICM Investment Management Limited

Charles Jillings

01372 271486

 

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