By Matteo Castia

Princess Private Equity Holding Ltd. said Wednesday that it has agreed to extend and increase its senior revolving-credit facility with Lloyds Banking Group PLC.

The investment holding group said it has increased its facility to 80 million euros ($88.5 million) from the initial EUR50.0 million amount.

It added that the term of expiration has been extended to Dec. 13, 2024, from the originally agreed Dec. 14, 2020.

The company will still have to pay an arrangement fee of EUR800,000.

Princess Private Equity said the facility will support short-term funding needs and simultaneously maintain a high investment level and a conservative balance sheet.

Shares at 0945 GMT were down 22 euro cents, or 2.9%, at 7.50 cents.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

March 18, 2020 06:12 ET (10:12 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Princess Private Equity.
Princess Private Equity (LSE:PEYS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Princess Private Equity.