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RM Secured Direct Lending

RM Secured Direct Lending says all cash available for investment deployed during month of December

The firm said the cash has been deployed across four new transactions in the following sectors: telecommunications equipment, receivables & asset financing and real estate

Investments
RM said further details regarding the transactions will be detailed in the quarterly factsheet expected to be published on or around the 16 January

RM Secured Direct Lending PLC (LON:RMDL) said it has deployed all cash available for investment, during the month of December, and has subsequently utilised £2.40mln of its £10mln Revolving Credit Facility (RCF).

The FTSE Fledgling firm, which specialises in providing tailored debt solutions, said the cash has been deployed across four new transactions in the following sectors: telecommunications equipment, receivables & asset financing and real estate.

READ: RM Secured Direct says BoE rate rise should benefit its portfolio

It added that all four transactions, which were originated and structured by its investment manager, are consistent with the firm's stated investment policy, offering robust security packages and yielding cash coupons in excess of 8.00% per annum.

The group noted that the RCF, provided by OakNorth Bank, offers it flexible capital for general corporate purposes including to invest in its substantial pipeline of opportunities. RM pointed out that it does not incur any non-utilisation fees in connection with the facility.

The group said further details regarding the transactions will be detailed in the quarterly factsheet expected to be published on or around the 16 January 2019.

Quick facts: RM Secured Direct Lending

Price: £1.02

Market: LSE
Market Cap: £114.09 m
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