Renewal of Loan Facility

Summary by AI BETAClose X

Aberdeen Equity Income Trust plc has secured a new three-year, £30 million revolving credit facility with the Bank of China Limited, London Branch, which commenced on June 24, 2026, and will expire on June 22, 2029. The company has drawn £26 million of this facility at an initial all-in rate of 4.6296% to fully repay its previous revolving credit facility. The new facility includes an option to increase the commitment to £50 million, subject to lender and existing lender approval. The company's existing £10 million fixed rate loan at 3.903% with RBSI remains in place until May 2027.

Disclaimer*

Aberdeen Equity Income Trust plc
24 June 2026
 

ABERDEEN EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

 

Renewal of Loan Facility

24 June 2026

Aberdeen Equity Income Trust plc ("the Company") announces that it has entered into a £30 million revolving credit facility (the "Facility") with the Bank of China Limited, London Branch (the "Lender") for three years.

£26m of the Facility has been drawn down today at an initial all-in rate of 4.6296% and the proceeds used to repay the amount outstanding under the Company's expiring revolving credit facility with the Royal Bank of Scotland International Limited, London Branch ("RBSI"), in full.  

The Facility will expire on 22 June 2029.  

Under the terms of the Facility, the Company also has the option to increase the level of the commitment from £30 million to £50 million at any time, subject to the Lender's credit approval and the approval of RBSI during the term of the fixed rate loan.

The Company's £10m fixed rate loan with RBSI, which is drawn at a rate of 3.903%, remains in place until May 2027.

 

For further information please contact:

 

 

abrdn Holdings Limited

Company Secretary

Tel: 0131 372 9153

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