Debt Facility

RNS Number : 5256Z

Standard Life Euro Pri Eqty Tst PLC

18 September 2015

 

STANDARD LIFE EUROPEAN PRIVATE EQUITY TRUST PLC (THE "COMPANY")

Debt facility

On 18 September 2015 the Company entered into a new £80 million syndicated revolving credit facility, provided by Citi and Societe Generale, to replace its existing £80 million debt facility provided by The Royal Bank of Scotland plc and Citi. The new debt facility has a margin of 1.50%, rising to 1.70% depending on utilisation; a commitment fee of 0.70%; and expires on 31 December 2020. The terms of the new facility are more favourable than the terms of the existing facility, which had a margin of 2.75% and a commitment fee of 1.03%.

For Standard Life European Private Equity Trust PLC

Personal Assets Trust Administration Company Limited, SECRETARY

For further information please contact:-

Peter McKellar or Roger Pim at SL Capital Partners LLP (on 0131 245 0055)

18 September 2015

 

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