5th Feb 2016 09:21
LONDON (Alliance News) - Sherborne Investors (Guernsey) B Ltd on Friday said that SIGB LP's revolving loan facility with HSBC Bank PLC has been extended for an additional 12 months, with a new maturity date of 26 February 2017.
The vehicle, which offers exposure to activist investor Sherborne's 28.21% stake in FTSE 250 investment trust Electra Private Equity PLC, said the facility commitment remains GBP50.0 million, with borrowing under the facility currently at GBP20.0 million. SIGB holds the shares in Electra.
Shares in Sherborne Investors (Guernsey) B were untraded at 112.00 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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