Debt Facility

RNS Number : 3814U

Standard Life Euro Pri Eqty Tst PLC

31 December 2012

 

To:                   RNS

From:              Standard Life European Private Equity Trust PLC

Date:               31 December 2012

Standard Life European Private Equity Trust PLC

Debt facility

On 31 December 2012 the Company entered into a new £80 million syndicated revolving credit facility, led by The Royal Bank of Scotland plc to replace the existing £120 million facility. This facility has an interest rate of 2.75% over LIBOR and expires on 31 December 2016. Given the Company's improved financial position and a proposed lower proportion of outstanding commitments in future, the Board and the Manager have decided that a smaller credit facility is appropriate.

For further information please contact:-

Peter McKellar of SL Capital Partners LLP (on 0131 245 0055)

 

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