Dunedin Income Growth Investment Trust PLC (the "Company")
Legal Entity Identifier (LEI): 549300PPXLZPR5JTL763
Renewal of Loan Facility with New Lender
9 August 2024
The Company announces that it has renewed its £30 million multi-currency revolving credit facility (the "Facility") with Bank of America, N.A., London Branch (the "Lender") on a secured basis.
This facility replaces the expiring, unsecured, £30 million multi-currency revolving credit facility with Bank of Nova Scotia London Branch ("BNS"), which expired on 8 August 2024.
Under the terms of the Facility, the Company has the option to increase the level of the commitment from £30 million to £40 million at any time, subject to the Lender's consent.
The Company has drawn down €22.6 million (GBP equivalent 19.3 million) under the Facility for a one month interest period, which was used to repay the expiring BNS facility in full.
This facility sits alongside the Company's £30 million secured 30 year loan note, which is drawn down in full until 8 December 2045 at an all-in rate of 3.99%.
Following this renewal, the level of the Company's borrowings remains unchanged.
Enquiries:
Gordon Hay Smith
abrdn Holdings Limited
Secretaries
0131 372 2200
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