Grafico Azioni Ventus 2 Vct (LSE:VEN2)
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RNS Number : 0630E
Ventus 2 VCT PLC
01 July 2019
Ventus 2 VCT plc (the "Company")
Refinancing of investee company
We are pleased to announce that Temporis Capital Limited has closed the refinancing of one of the Company's investments, Osspower Limited, which owns and operates a hydro-electric scheme near Loch Lomond, Scotland.
Bayern LB provided a term loan of GBP7.8m to the investee company, at a blended rate of 2.97% and over a term of 12.5 years. The debt is fixed price and fully amortising. The proceeds fully repay loan facilities taken out in 2014.
The investment is held in the ordinary share portfolio. The reduced cost of debt will increase cashflow to the Company from the investee company. This is part of the Board's continuing strategy to enhance value to shareholders through active management of the Company's assets.
For and on behalf of the Board
1 July 2019
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(END) Dow Jones Newswires
July 01, 2019 08:40 ET (12:40 GMT)