New Loan Facility

RNS Number : 0674Y

Utilico Emerging Markets Limited

24 February 2012

 



Utilico Emerging Markets Limited

New loan facility

The Board of Utilico Emerging Markets Limited ("UEM" or the "Company") is pleased to announce that the Company has entered into a new Senior Secured Multicurrency Revolving Facility Agreement with Scotiabank Europe PLC for up to £50m maturing on 23 February 2014. Following satisfaction of all conditions precedent by the Company, the new loan facility is available for draw down with effect from 23 February 2012. The rate of interest is a margin of 1.20% per annum above LIBOR and the loan is secured against UEM's assets by way of English and Bermuda law debentures.

The new facility replaces the existing £25m multicurrency facility provided by HBOS which matures on 15 March 2012.

For further information please contact:

ICM Analysis & Research Ltd

Charles Jillings

01372 271486

Westhouse Securities Limited

Alastair Moreton

Hannah Young

0207 601 6118

 

END

 

 

AGRSEEFSLFESEFE