5th Mar 2020 16:10
(Alliance News) - AVI Global Trust PLC on Thursday said it has extended its revolving credit facility with Scotiabank Europe PLC, effective immediately.
AVI Global - formerly known as British Empire Trust PLC - said the extension will increase the total amount under the facility to JPY9.0 billion, around GBP65.21 billion. It added that drawings of up to half of the facility limit can now be made in pounds sterling, US dollars or Euros.
In April 2019, the company said it entered into an agreement with Scotiabank Europe for a JPY4.0 billion, about GBP27.7 million, revolving credit facility for three years.
Shares in AVI were trading 2.0% lower at 702.00 pence each on Thursday afternoon in London.
By Ife Taiwo; [email protected]
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