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IN BRIEF: abrdn UK Smaller agrees new loan facility with Scottish bank

2nd Nov 2022 11:35

abrdn UK Smaller Companies Growth Trust PLC - Aberdeen-Scotland based investment fund - Agrees new revolving credit facility of GBP40 million with The Royal Bank of Scotland International Ltd. Says the RCF has a further "uncommitted accordion provision allowing the company to request an increase, subject to lender's approval, of up to an additional GBP25 million".

The new facility will expire on November 1 in 2025.

Current stock price: 435.10 pence, down 1.1% on Wednesday morning in London

12-month change: down 42%

By Xindi Wei; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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