CALEDONIA INVESTMENTS PLC
INCREASE IN COMMITTED BANK FACILITIES
Caledonia Investments plc ("Caledonia") announces that it has today increased its aggregate committed term bank facilities from £175m to £250m.
Caledonia's existing relationship banks, The Royal Bank of Scotland plc ("RBS") and ING Bank N.V., London Branch ("ING"), have each increased their existing bilateral revolver facilities from £62.5m to £112.5m, RBS for a three-year term and ING for a five-year term. In addition, Caledonia's wholly-owned treasury management subsidiary, Caledonia Treasury Ltd, has renewed its three-year revolver facility with RBS at a level of £25m.
Commenting on the new facilities, Will Wyatt, Caledonia's Chief Executive, said:
"We are delighted that our existing providers have agreed to extend their committed facilities with us. The additional capacity is more appropriate for the size of our balance sheet and will provide greater flexibility to manage short term liquidity requirements for potential investment opportunities."
6 July 2017
For further information contact:
Caledonia Investments plc |
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Will Wyatt, Chief Executive Stephen King Finance Director |
+44 20 7802 8080 |
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Media contact: |
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Tulchan Communications |
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Peter Hewer |
+44 20 7353 4200 |
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Notes for editors:
Caledonia Investments plc
Caledonia is a self-managed investment trust company listed on the London Stock Exchange with net assets of approximately £1.9bn as at 30 June 2017. The company maintains a concentrated portfolio of international quoted, unquoted and fund investments and has paid an increasing annual dividend for 50 years.
For additional information on Caledonia, please visit www.caledonia.com.
Neither the contents of Caledonia's website, nor the contents of any website accessible from hyperlinks on such website (or any other website) is incorporated into, or forms part of, this announcement.
