abrdn Private Equity Opportunities Trust – Edinburgh-based investor in private equity funds focused on Europe – Expands its syndicated multi-credit facility agreement to GBP300 million from £200m.
Says that Royal Bank of Scotland International Ltd will join as a lender and Natwest Markets PLC will replace Citibank Europe PLC as agent, alongside current providers Societe Generale SA and State Street Bank International GmbH.
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The loan, which matures in December 2025, has GBP62.0 million drawn down at September 30. The margin on the loan is 1.625%, rising to a maximum of 2.0% depending on utilisation.
Chair Alan Devine says: “The company continues to have a strong pipeline of investment opportunities in primary funds, secondaries and co-investments and the extended loan facility enables the manager to take further advantage of this.”
Source: Morningstar
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