Aberforth Smaler refinances for £130 million three-year revolver

By Wendy Van Sickle

Columbus, Ohio, May 15 – Aberforth Smaller Cos. Trust plc refinanced its existing unsecured committed revolving credit facility with Royal Bank of Scotland International Ltd. in the amount of £130 million for a further three years, according to a filing with the London Stock Exchange.

The facility bears interest at Libor plus 80 basis points and will expire on June 15, 2023.

Additionally, the company has obtained a new £20 million overdraft facility from Northern Trust, the company’s custodian, for short-term working capital requirements.

The investment trust is based in London.

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