2nd Aug 2022 11:25
Pantheon International PLC - investment trust focused on private equity - Agrees new GBP500 million multi-currency revolving credit facility agreement, which will replace its existing GBP300 million credit facility that was due to expire in May 2024. The new loan facility is due to expire in July 2027, with an ongoing option to extend the agreement by another year. The loan facility has been arranged by Credit Suisse Group AG, Lloyds Banking Group PLC and State Street Bank International GmbH. Pantheon International will pay a blended commitment fee of 95 basis points per annum on the undrawn loan facility and, depending on its utilisation, the margin payable would be equivalent to the relevant benchmark rate plus 2.4% to 2.6%. Read More
