24th Jun 2019 14:16
(Alliance News) - BMO Private Equity Trust PLC on Monday said it has secured a new five-year GBP75 million multi-currency revolving credit facility and a separate EUR25 million term loan from Royal Bank of Scotland International Ltd
The new facility replaces the company's previous EUR30 million term loan and GBP45 million multi-currency facility with RBS.
The trust said the new larger and cheaper loans will allow it to maintain a moderately but flexibly geared structure with the ability to draw borrowings in multiple currencies.
Shares in BMO Private Equity were trading 0.80% higher at 352.80p each.
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