IN BRIEF: Literacy Capital increases credit facility to GBP50 million
15th Apr 2025 13:19
Literacy Capital PLC - London-based investment trust that makes long-term investments in private UK businesses and donates to literacy and education charities - Increases the limit of its revolving credit facility with OakNorth Bank PLC to GBP50 million from GBP40 million. The existing rates of interest and the term to September 2027 are unchanged. The increase is not expected to increase costs for Literacy, it says. Minimum net asset value increases to GBP225 million from GBP200 million. Read More