29th Jan 2020 17:49
(Alliance News) - Merchants Trust PLC on Wednesday said it will repay GBP16 million of debt under its revolving credit facility following strong portfolio returns.
The repayment will take the company's total debt to GBP93 million and gearing to around 15%. The company's formal policy remains unchanged of maintaining gearing in the range of 10% to 25%.
Shares in the investment company closed 0.6% at 553.00 pence each in London on Wednesday.
By Tapan Panchal; [email protected]
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