10th Oct 2022 10:12
abrdn Private Equity Opportunities Trust PLC - Edinburgh-based investor in private equity funds focused on Europe - Expands its syndicated multi-credit facility agreement to GBP300 million from GBP200 million. Says that Royal Bank of Scotland International Ltd will join as a lender and Natwest Markets PLC will replace Citibank Europe PLC as agent, alongside current providers Societe Generale SA and State Street Bank International GmbH.
The loan, which matures in December 2025, has GBP62.0 million drawn down at September 30. The margin on the loan is 1.625%, rising to a maximum of 2.0% depending on utilisation.
Chair Alan Devine says: "The company continues to have a strong pipeline of investment opportunities in primary funds, secondaries and co-investments and the extended loan facility enables the manager to take further advantage of this."
Current stock price: 401.85 pence
12-month change: down 16%
By Sophie Rose; [email protected]
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