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Aberforth refinances for repeat £130 million three-year revolver
By Marisa Wong
Los Angeles, May 22 – The board of Aberforth Smaller Cos. Trust plc announced that the company has refinanced the existing unsecured committed revolving credit facility with Royal Bank of Scotland International Ltd. in the same amount of £130 million for a further three years.
The facility will bear interest at a margin of 115 basis points over the relevant reference rate and is due to expire on June 15, 2026, according to a news release.
In addition, the company continues to benefit from the existing overdraft facility with Northern Trust, the company’s custodian, in the amount of £20 million for short-term working capital requirements.
The investment trust is based in London.
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