Templeton Emerging Markets IT PLC Debt Facility

RNS Number : 5192V

Templeton Emerging Markets IT PLC

31 January 2025

 

Templeton Emerging Markets Investment Trust PLC (the "Company")

Legal Entity Identifier: 5493002NMTB70RZBXO96

31 January 2025

 

Debt Facility

The Company's existing £100 million fixed rate loan matures on 31 January 2025.  The Company has entered into a £122 million multi-currency revolving loan facility with The Bank of Nova Scotia, London branch. The loan facility will be available for 364 days, from 31 January 2025 to 30 January 2026.

 

Drawings under the £122 million revolving loan facility may be in sterling, US dollars and offshore renminbi (Chinese Yuan, CNH). There is a margin of 1.1% per annum over the relevant market reference  rate on drawings in any of the three currencies allowed under the facility (GBP, USD or CNH) and a commitment fee of 0.40% per annum on undrawn amounts. The Company will draw down £80 million equivalent in pounds sterling today, 31 January 2025. The proceeds, along with £20m cash, will be applied to repay the fixed rate loan today.

 

The Company has no other debt.

 

 

For further information please email [e-mail]

 

 

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

 

 

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