DUNEDIN INCOME GROWTH INV TST PLC

Capital/Financing Update • Aug 9, 2024

National Storage Mechanism | Additional information

RNS Number : 9542Z

Dunedin Income Growth Inv Tst PLC

09 August 2024

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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