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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November 30, 2020 02:00 ET (07:00 GMT)

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