Revolving Credit Facility

RNS Number : 4168Q
Miton UK MicroCap Trust plc
25 February 2021
 

 

MITON UK MICROCAP TRUST PLC (the "Company")

 

Revolving Credit Facility

 

The Company has entered into a new £5.0m revolving credit facility ("RCF"), provided by The Royal Bank of Scotland International Limited ("RBS"). The RCF has an initial term of three years, a margin of 1.35% above LIBOR (later SONIA) and an uncommitted accordion of £7.5m. The RCF replaces the previous RBS facility, which had been in place since February 2018.

 

The Company is currently ungeared but may deploy borrowing to enhance long-term capital growth. Any use of the RCF will be in accordance with the Company's borrowing policy, which limits gearing to 15 per cent. of the Company's net asset value at the time of drawdown.

 

LEI: 21380048Q8UABVMAG916

 

 

 

 

Enquiries:

Miton UK MicroCap Trust plc


Gervais Williams / Martin Turner / Claire Long

Tel: 020 3714 1500

Peel Hunt LLP


Luke Simpson / Liz Yong

Tel: 020 7418 8900

 

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