27th Oct 2025 09:56
Pantheon International PLC - London-based investment firm focused on private equity managed by Pantheon Ventures UK LLP - Agrees to extend its multi-currency revolving credit facility, which was due to expire in October 2028, by one year to October 2029. The facility continues to be sized at a GBP400 million equivalent commitment and retains the flexibility to be increased to GBP700 million, subject to the consent of participating lenders.
Pantheon says the extended RCF has 2.65% margin over benchmark, improved from 2.95% previously. The commitment fee drops to 0.65% payable on current undrawn and available balances, from 0.80% before. Pantheon says this secures "competitive" terms, offering "significant" finance cost savings over the 4-year tenor.
As of Friday, Pantheon says it has GBP34 million in cash, USD164 million of drawings under the credit facility, and USD150 million private placement debt, resulting in a net debt to net asset value ratio of 9.0%. It says intends to continue to proactively manage its financing arrangements in line with its capital allocation objectives.
Current share price: 361.00 pence, down 0.1% in London on Monday
12-month change: up 13%
By Jeremy Cutler, Alliance News reporter
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