Loan Facility

RNS Number : 8855A
CT UK High Income Trust PLC
27 September 2022
 

 

To:  RNS

Date:               27 September 2022

Company:  CT UK High Income Trust PLC (the "Company")

LEI:                 213800B7D5D7RVZZPV45

 

 

 

Loan Facility

 

The Company announces that it has entered into a three-year unsecured revolving credit facility ("RCF") with The Royal Bank of Scotland International Limited for £15 million. This replaces the Company's existing £7.5 million RCF with Scotiabank (Ireland) Designated Activity Company (which is currently undrawn) and its £7.5 million unsecured term loan with Scotiabank Europe plc, both of which mature on 28 September 2022.

 

£7.5 million will be drawn down on 28 September 2022 and used to repay the unsecured term loan with Scotiabank Europe plc.

 

The Company has entered into this facility for the purpose of pursuing its investment objective.

 

 

I Ridge

For and on behalf of

Columbia Threadneedle Investment Business Limited,

Company Secretary

Telephone: 020 7628 8000

 

 

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