7th Jul 2023 07:00
GCP Asset Backed Income Fund Limited
(the "Company")
LEI: 213800FBBZCQMP73A815
Extension to term of Revolving Credit Facility
7 July 2023
GCP Asset Backed, which invests in asset backed loans, refers to its £50 million Revolving Credit Facility ("RCF") with Royal Bank of Scotland International Limited, maturing in August 2023 and is pleased to announce that the RCF has been extended by 12-months on the same terms as the previous facility, extending the maturity date to August 2024.
The current drawn balance on the RCF is £48,050,000.
For further information, please contact:
Gravis Capital Management Ltd | +44 (0)20 3405 8500 | |
Philip Kent Cameron Gardner
| ||
Investec Bank plc | ||
Helen Goldsmith | +44 (0)20 7597 4000 | |
Denis Flanagan | ||
Neil Brierley
| ||
Buchanan/Quill | ||
Helen Tarbet | +44 (0)20 7466 5000 | |
Sarah Gibbons-Cook | ||
Henry Wilson |
Notes to Editors
GCP Asset Backed is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.
The Group seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which are secured against contracted, predictable medium to long term cash flows and/or physical assets.
Related Shares:
Gcp Asset Bckd