New Debt Facilities

RNS Number : 2739V

Standard Life UK Small.Co's Tst PLC

01 November 2017

 

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC        

1 NOVEMBER 2017

NEW DEBT FACILITIES

Standard Life UK Smaller Companies Trust plc (the "Company") is pleased to announce it has today entered into a £45m unsecured facility agreement with The Royal Bank of Scotland plc. The facilities consist of a 5 year term loan facility of £25m (the "Term Loan") and a 5 year revolving credit facility of £20 million (the "RCF"). 

The facility agreements include terms which are typical for facilities of this nature; including minimum net asset and loan to value covenants.

All enquiries:

Evan Bruce-Gardyne

Head of Investment Companies, Standard Life Investments    Tel. [phone]

 

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