Princess Private Equity Holding Ltd Credit Facility Extension (5948G)
18 Marzo 2020 - 2:28AM
UK Regulatory
TIDMPEY TIDMPEYS
RNS Number : 5948G
Princess Private Equity Holding Ltd
18 March 2020
News Release
Guernsey, 18 March 2020
Princess Private Equity ("the Company") has entered into an
extension of the term and increase in the size of its senior
revolving credit facility ("the Facility") with Lloyds Bank. The
previous facility of EUR 50 million was due to expire on 14
December 2020. The Facility will be increased to EUR 80 million and
the term extended to 13 December 2024. The margins remain unchanged
at +2.95% over LIBOR on drawn amounts of between 0%-15%
loan-to-value and at +3.25% over LIBOR between 15%-25%
loan-to-value based on the Company's net asset value. The Facility
has a non-utilization fee of 0.9% p.a. on undrawn amounts and an
arrangement fee of EUR 800'000 payable upon closing.
The Company takes a conservative approach to balance sheet
management, while aiming to maintain a high investment level. The
Facility supports these objectives and provides the Company with
the flexibility to manage short-term funding requirements.
Ends.
About Princess
Princess is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests, inter alia, in private equity
and private debt investments. Princess is advised in its investment
activities by Partners Group, a global private markets investment
management firm with USD 94 billion in investment programs under
management in private equity, private debt, private real estate and
private infrastructure. Princess aims to provide shareholders with
long-term capital growth and an attractive dividend yield. Princess
is traded on the Main Market of the London Stock Exchange (ticker:
PEY for the Euro Quote; PEYS for the Sterling Quote).
Contacts
Princess Private Equity Holding Limited:
princess@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
George Crowe
Phone: +44 (0)20 7575 2771
Email: george.crowe@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: jenny.blinch@partnersgroup.com
www.partnersgroup.com
This document does not constitute an offer to sell or a
solicitation of an offer to buy or subscribe for any securities and
neither is it intended to be an investment advertisement or sales
instrument of Princess. The distribution of this document may be
restricted by law in certain jurisdictions. Persons into whose
possession this document comes must inform themselves about and
observe any such restrictions on the distribution of this document.
In particular, this document and the information contained therein
are not for distribution or publication, neither directly nor
indirectly, in or into the United States of America, Canada,
Australia or Japan.
This document may have been prepared using financial information
contained in the books and records of the product described herein
as of the reporting date. This information is believed to be
accurate but has not been audited by any third party. This document
may describe past performance, which may not be indicative of
future results. No liability is accepted for any actions taken on
the basis of the information provided in this document. Neither the
contents of Princess' website nor the contents of any website
accessible from hyperlinks on Princess' website (or any other
website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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March 18, 2020 04:28 ET (08:28 GMT)
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