18th Dec 2019 08:55
(Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Wednesday said it has increased the size of its multi-currency revolving credit facility to a total of GBP280 million.
The FTSE 250-listed investment company said it is a third amendment and restatement of the loan agreement, providing an additional GBP80 million of capacity to its credit facility.
The lending group providing the facility and its other key terms remain unchanged, Sequoia said.
In accordance with the company's investment policy, it said that any borrowings undertaken will not exceed 20% of the value of its assets less its liabilities.
Sequoia shares were trading 0.1% lower in London on Wednesday morning at 115.30 pence each.
By Evelina Grecenko; [email protected]
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