Schroder UK extends credit facility by 24 months, reduces commitment

By Taylor Fox

New York, Jan. 14 – Schroder UK Public Private Trust plc amended its existing credit facility to extend the term for 24 months to Jan. 30, 2023, according to a news release.

Schroder also reduced the commitment under the facility to £107.03 million, in line with the amount currently drawn and consistent with its intention to reduce borrowings.

The annual interest rate will be the Bank of England Bank Rate plus 200 basis points.

The facility will convert to a revolving credit facility with a size of £60 million once the loan reaches a £60 million outstanding balance.

The company invests in a portfolio of U.K.-based commercial properties.

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