Baillie Gifford European Grw Ts PLC Issue of Debt (8306G)
30 Noviembre 2020 - 1:00AM
UK Regulatory
TIDMBGEU
RNS Number : 8306G
Baillie Gifford European Grw Ts PLC
30 November 2020
Baillie Gifford European Growth Trust plc
Legal Entity Identifier: 213800QNN9EHZ4SC1R12
Regulated Information Classification: Additional regulated
information required to be disclosed under applicable law
Baillie Gifford European Growth Trust plc raises EUR30m of
long-term debt
Baillie Gifford European Growth Trust plc announces that it has
agreed to issue EUR30 million of long-term, fixed rate, senior,
unsecured privately placed notes providing the Company with
long-term financing at a very attractive rate.
The new privately placed notes are being issued in one tranche:
EUR30 million with a fixed coupon of 1.57% to be repaid 8 December
2040. The coupon will be payable semi-annually. The funding date is
8 December 2020.
In order to facilitate the additional borrowings, the Board has
agreed to cap any drawings from The Northern Trust Company
overdraft facility at EUR15 million. The aggregated EUR45 million
of available borrowings provides scope for invested borrowing to go
to 8.5% of shareholders' funds as at 27 November 2020.
Baillie Gifford & Co Limited
Managers and Secretaries
30 November 2020
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