Templeton Emerging Markets IT PLC Debt Facility
31 Gennaio 2025 - 4:26PM
RNS Regulatory News
RNS Number : 5192V
Templeton Emerging Markets IT PLC
31 January 2025
Templeton
Emerging Markets Investment Trust PLC (the "Company")
Legal
Entity Identifier: 5493002NMTB70RZBXO96
31
January 2025
Debt
Facility
The Company's existing £100 million
fixed rate loan matures on 31 January 2025. The Company has
entered into a £122 million multi-currency revolving loan facility
with The Bank of Nova Scotia, London branch. The loan facility will
be available for 364 days, from 31 January 2025 to 30 January
2026.
Drawings under the £122 million
revolving loan facility may be in sterling, US dollars and offshore
renminbi (Chinese Yuan, CNH). There is a margin of 1.1% per annum
over the relevant market reference rate on drawings in any of
the three currencies allowed under the facility (GBP, USD or CNH)
and a commitment fee of 0.40% per annum on undrawn amounts. The
Company will draw down £80 million equivalent in pounds sterling
today, 31 January 2025. The proceeds, along with £20m cash, will be
applied to repay the fixed rate loan today.
The Company has no other
debt.
For further information please
email temitcosec@franklintempleton.com
The
information contained in this announcement is restricted and is not
for publication, release or distribution in the United States of
America, any member state of the European Economic Area, Canada,
Australia, Japan or the Republic of South Africa.
END
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