Extension of Existing Credit Facility

RNS Number : 0942K

J.P. Morgan Private Equity Ltd

20 June 2014

 

J.P. Morgan Private Equity Limited

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

EXTENSION OF EXISTING CREDIT FACILITY

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GUERNSEY, 20 JUNE 2014

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is pleased to announce that, on 16 June 2014, the Company amended its existing credit agreement with Lloyds TSB Bank plc.  

The facility has been extended by one year and will now expire in January 2018 (after JPEL's 2017 ZDP Share Class matures) and contains additional flexibility under its covenants to better allow the Company to execute its previously announced strategic initiatives, including the creation of the Realisation Share Class in 2016, as approved at JPEL's latest AGM.  

Other key terms and pricing of the $150 million credit facility are unchanged.

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For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow 

[phone]

[e-mail] 

Rosemary DeRise / Samantha Ladd

[phone]  / [phone] 

[e-mail] / [e-mail]

About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPZZ, JPSZ).   The Company's capital structure consists of three classes of shares: US$ Equity Shares and two classes of Zero Dividend Preference Shares due 2015 and 2017, respectively.  

 

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