leadf
logo-loader
RNS
viewHgCapital Trust

HG Capital Trust PLC - HGT announces completion of £200m credit facility

RNS Number : 4363B
HgCapital Trust PLC
08 October 2020
 

HgCapital Trust plc ("HGT") today announces the completion of a £200m multicurrency revolving credit facility ("the facility").

 

The facility will be used to help ensure the future growth of HGT to fund investments, co-investments, and further commitments to Hg ("the Manager") funds.

 

HGT's net liquid resources available for future deployment (including all announced transactions and the interim dividend payable in October 2020) are estimated to be £398 million (34% of the 31 August 2020 pro-forma NAV of £1.16 billion, including the increase in equity via tap equity issues over the third quarter of 2020). These figures include the repayment of the £80m bank facility previously utilised and the potential use of the further £200m agreed facility as detailed above.

                                                                                      

HGT's outstanding commitments to invest in Hg transactions are approximately £759 million (65% of the 31 August 2020 pro-forma NAV).

 

HGT was advised by Deloitte Debt & Capital Advisory.

 

For further details:

 

Hg

Laura Dixon                                                                                                                         +44 (0)20 8396 0930

 

Brunswick

Samantha Chiene                                                                                                             +44 (0)207 404 5959

 

About HgCapital Trust plc

 

HgCapital Trust plc, whose shares are listed on the London Stock Exchange (ticker: HGT.L), gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors. For further details, please see www.hgcapitaltrust.com.

 

The contents of the HGT, Hg and Deloitte websites are not incorporated into, and do not form part of, this announcement.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCEAXEXEASEFFA

Quick facts: HgCapital Trust

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read