New loan facility

Summary by AI BETAClose X

UIL Limited has secured a $13.5 million two-year term loan facility from The Bank of N.T. Butterfield & Son Limited, which has been fully drawn down. This facility will be utilized for general corporate purposes and to repurchase or redeem zero dividend preference shares maturing on October 31, 2026. As part of the security for the loan, UIL has granted the bank a charge over a portion of its holdings in Resimac Group Limited.

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