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Entry into corporate debt facility

17th Dec 2015 12:54

RNS Number : 4433J
P2P Global Investments PLC
17 December 2015
 

17 December 2015

 

P2P Global Investments PLC

Entry into corporate debt facility

 

P2P Global Investments PLC (the "Company") is pleased to announce that it has entered into a £150,000,000 secured 3-year multicurrency loan facility with a consortium of institutional lenders.

The Company intends to deploy the proceeds of this facility in accordance with its existing investment policy. The Company expects the modest level of gearing at the corporate level arising from the utilisation of this facility to enhance shareholder returns.

Commenting on this new facility, Simon Champ, CEO of Eaglewood Europe, the Company's Investment Manager said: "We're delighted to announce this new facility and the support of the Company's new financing partners. The facility will add valuable diversity and flexibility to the company's funding options. This is another important step forward for the Company demonstrating its strong credentials and leading market position".

 

Enquiries

 

Eaglewood Europe LLP +44 (0)20 7316 2280

Simon Champ

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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