Literacy Capital PLC (GB:BOOK) has released an update.
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Literacy Capital PLC, an investment trust focusing on private UK businesses, has secured a new £40m Revolving Credit Facility with OakNorth Bank, replacing its previous £30m facility and extending the credit term until September 2027. This new arrangement offers lower costs and greater flexibility, supporting the company’s investment activities and potential for delivering shareholder returns. The loan-to-value covenant remains at 20%, with the company expecting to maintain conservative gearing.
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