PGGO closes on new credit line
29 September 2009 - 2:00AM
UK Regulatory
TIDMPGGO
RNS Number : 7861Z
Partners Group Global Opportunities
28 September 2009
News Release
Guernsey, 28 September 2009
Partners Group Global Opportunities Limited closes on new credit line
The Board of Directors of Partners Group Global Opportunities Limited is pleased
to announce that last Friday it completed the signing of a new credit line, the
proposal of which was approved and announced in August 2009.
John Hallam, Chairman of PGGO's Board of Directors, comments: "In a market where
debt financing is difficult to secure, we consider this new credit line to be a
achievement. With the extended credit financing in place we expect to have
sufficient headroom for future funding obligations and regard PGGO as
well-positioned in the current environment."
The credit line of initially EUR 55 million, with the potential to increase to
EUR 60 million is structured as a combination of committed revolving and term
loan facilities with a term of three years.
About Partners Group Global Opportunities Limited
Partners Group Global Opportunities Limited is a closed-ended investment company
with limited liability domiciled in Guernsey and traded on the London Stock
Exchange (Main Market) (Ticker symbol: PGGO). Partners Group Global
Opportunities Limited is designed to provide public market investors access to
direct private equity and private debt investments alongside leading private
equity firms and advised by Partners Group AG, a global alternative asset
management firm listed on the SIX Swiss Exchange (ticker symbol: PGHN) with over
CHF 24 billion assets under management in private equity, private debt, private
real estate, private infrastructure, absolute return strategies and listed
alternatives.
Contacts
Partners Group Global Opportunities Limited
info@pg-globalopportunities.net
www.pg-globalopportunities.net
Registered Number: 45101
Media enquiries
Partners Group AG
Tamara Krebs
Communications
Phone: +41 41 768 85 26
tamara.krebs@partnersgroup.com
www.partnersgroup.com
Corporate broker
JPMorgan Cazenove
20 Moorgate
London EC2R 6DA
United Kingdom
This document does not constitute an offer to sell or a solicitation of an offer
to buy or subscribe for any securities and neither is it intended to be an
investment advertisement or sales instrument of Partners Group Global
Opportunities Limited. The distribution of this document may be restricted by
law in certain jurisdictions. Persons into whose possession this document comes
must inform themselves about, and observe any such restrictions on the
distribution of this document. In particular, this document and the information
contained therein is not for distribution or publication, neither directly nor
indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in
the books and records of the product described herein as of the reporting date.
This information is believed to be accurate but has not been audited by any
third party. This document may describe past performance, which may not be
indicative of future results. No liability is accepted for any actions taken on
the basis of the information provided in this document.
Issued and approved by Partners Group (UK) Ltd., authorised and regulated by the
Financial Services Authority in the United Kingdom.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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