Increase in committed bank facilities

RNS Number : 3560K

Caledonia Investments PLC

06 July 2017

 

 

 

CALEDONIA INVESTMENTS PLC

INCREASE IN COMMITTED BANK FACILITIES

Caledonia Investments plc ("Caledonia") announces that it has today increased its aggregate committed term bank facilities from £175m to £250m.

Caledonia's existing relationship banks, The Royal Bank of Scotland plc ("RBS") and ING Bank N.V., London Branch ("ING"), have each increased their existing bilateral revolver facilities from £62.5m to £112.5m, RBS for a three-year term and ING for a five-year term. In addition, Caledonia's wholly-owned treasury management subsidiary, Caledonia Treasury Ltd, has renewed its three-year revolver facility with RBS at a level of £25m.

Commenting on the new facilities, Will Wyatt, Caledonia's Chief Executive, said:

"We are delighted that our existing providers have agreed to extend their committed facilities with us. The additional capacity is more appropriate for the size of our balance sheet and will provide greater flexibility to manage short term liquidity requirements for potential investment opportunities."

 6 July 2017

For further information contact:

Caledonia Investments plc
Will Wyatt, Chief Executive Stephen King Finance Director	[phone]
Media contact:
Tulchan Communications
Peter Hewer	[phone]

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Notes for editors:

Caledonia Investments plc

Caledonia is a self-managed investment trust company listed on the London Stock Exchange with net assets of approximately £1.9bn as at 30 June 2017. The company maintains a concentrated portfolio of international quoted, unquoted and fund investments and has paid an increasing annual dividend for 50 years.

For additional information on Caledonia, please visit www.caledonia.com.

Neither the contents of Caledonia's website, nor the contents of any website accessible from hyperlinks on such website (or any other website) is incorporated into, or forms part of, this announcement.

 

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