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Montanaro enters into new loan agreement

26 February 2016 13:02

Montanaro European Smaller Companies Trust has announced that it has entered into a Euro 10,000,000 term loan facility agreement with ING Bank N.V., London Branch ("ING").

The Company stated that this was for the purpose of pursuing its investment objective.

It added that the facility has been fully drawn down today and is in addition to the existing Euro 15,000,000 term loan facility the Company already has with ING.

The new facility is repayable on 13 September 2018, which is the same date upon which the existing facility is repayable. Interest will be payable on amounts outstanding at a rate agreed with ING.

At 1:02pm: (LON:MTE) Montanaro European Smaller Cos Trust PLC share price was +12.25p at 539.25p

Story provided by StockMarketWire.com

Related Company: MTE

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