viewRM Secured Direct Lending

RM Secured looks to raise £10mln to fund lending pipeline

As well as providing additional capital to fund investments, the fundraising proceeds to repay drawn facilities under its revolving credit facility

RM Secured Direct Lending -
RM is looking to tap institutions in the Square Mile

RM Secured Direct Lending Plc (LON:RMDL) is seeking to raise up to £10mln from City institutions to continue investing in its “strong pipeline”.

The investment fund said manager RM Funds, which originates the secured and tailored loans in which the fund invests, “remains confident in its ability to continue to originate and close high quality investments”.

READ: RM Secured Direct generates NAV total return of 4.85% in first half

As well as providing additional capital to fund such potential transactions, proceeds of the placing will also be used to repay drawn facilities under RMDL's revolving credit facility.

Broker N+1 Singer will issue shares at a placing price of 100p per new share, a discount of 1.5% to the closing price of 101.5p on Wednesday.

In the first half of the year RMDL paid out a target-beating dividend of 3.625p as its portfolio grew 20% to £124.3mln and the average investment size increased 17% to £122mln.

Quick facts: RM Secured Direct Lending

Price: 79.5 GBX

Market: LSE
Market Cap: £96.4 m

Add related topics to MyProactive

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


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...

In exchange for publishing services rendered by the Company on behalf of RM Secured Direct Lending named herein, including the promotion by the Company of RM Secured Direct Lending in any Content on the Site, the...



RM Secured Direct Lending 'still has considerable buffer to meet its...

RM Secured Direct Lending PLC's (LON:RMDL) Pietro Nicholls tells Proactive London's Andrew Scott they've still got a considerable buffer to meet its dividend targets. He says the number one focus currently is the management of the existing portfolio however Nicholls suspects opportunities...

on 23/4/20

2 min read