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RM Secured Direct Lending secures £10mln revolving credit facility

It is lender Oaknorth's first transaction with a public company
£20 notes
RMDL will not incur any non-use fees in connection with the facility.

RM Secured Direct Lending PLC (LON:RMDL), an investment trust specialising in secured debt investments, has arranged a revolving credit facility of £10mln with OakNorth.

The facility will provide the company with flexible capital, allowing it to invest in the substantial pipeline of investment opportunities.

WATCH: RM Secured Direct Lending raises £30mln to further diversify portfolio

"We have an active pipeline of higher yielding, secured lending opportunities which will further broaden our portfolio and enable us to continue to deliver growing and sustainable returns to shareholders," said Pietro Nicholls, Principal – Investment Manager of RM Capital Markets Limited.

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