RM SecDirect Lending - Renewal of Revolving Credit Facility
("RMDL" or the "Company")
Renewal of Revolving Credit Facility
RMDL announces that it has renewed and amended its Revolving Credit Facility ("RCF") with OakNorth. Under the terms of the amended RCF, the Company may draw down loans up to an aggregate value of
The RCF will provide the Company with flexible capital for maintaining and preserving liquidity and general corporate purposes including to invest in the substantial pipeline of investment opportunities. RMDL will not incur any non-utilisation fees in connection with the facility.
"We are delighted to have renewed our RCF agreement with OakNorth. Since IPO, RMDL has gone from strength to strength as the portfolio grows and diversifies within higher yielding, secured lending opportunities. As we continue to provide investors with long-term and attractive returns, today's announcement ensures we are best placed to act quickly on the attractive pipeline of high-quality investments."
For further information, please contact:
0131 603 7060
0207 353 4200
020 7653 9690
About RM Secured Direct Lending
The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.
For more information, please see https://rmdl.co.uk/investor-centre/
About RM Funds
RM Funds is a trading name of
This information is provided by RNS, the news service of the
Quick facts: RM Secured Direct Lending
Market Cap: £118.44 m
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