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RM Secured Direct Lending to boost its firepower

The company want to further diversify its existing portfolio, spread the fixed costs of running the company across a wider base and increase secondary market liquidity for investors

The company has a placing programme in place as per the company's prospectus from March 2018

RM Secured Direct Lending PLC (LON:RMDL) has announced plans to place shares to satisfy the demand for new shares and increase its investment firepower.

The company intends to issue shares at a pound a pop, 1.5p below last night's closing mid-market price.

READ:RM Secured Direct Lending shifts focus to non-cyclical sectors amid market volatility

The investment trust, which specialises in secured debt investments, said it has deployed all cash available for investment, including the money available from its £10mln revolving credit facility, but it still has plenty of attractive investment opportunities it wants to pursue.


Quick facts: RM Secured Direct Lending

Price: 101.5 GBX

Market: LSE
Market Cap: £113.91 m

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RM Secured Direct Lending continuing to benefit from strong pipeline of...

RM Secured Direct Lending PLC's (LON:RMDL) Pietro Nicholls tells Proactive London they're continuing to benefit from a strong pipeline and remain confident in their ability to originate and close high quality investments. He adds they're considering a potential equity raise to support...

on 29/7/19

2 min read