RM Secured Direct Lending PLC Full Deployment of Cash & Utilisation of RCF (5016M)
08 January 2019 - 9:00PM
UK Regulatory
TIDMRMDL TIDMTTM
RNS Number : 5016M
RM Secured Direct Lending PLC
08 January 2019
RM Secured Direct Lending PLC
Full deployment of cash and utilisation of Revolving Credit
Facility
RMDL commits funding across four new transactions
RM Secured Direct Lending PLC ("RMDL"), which specialises in
providing tailored debt solutions, is pleased to announce that it
has deployed all cash available for investment, during the month of
December, and has subsequently utilised GBP2.40m of its GBP10m
Revolving Credit Facility ("RCF").
The cash has been deployed across four new transactions in the
following sectors: telecommunications equipment, receivables &
asset financing and real estate. All four transactions, which were
originated and structured by the Investment Manager, are consistent
with RMDL's stated investment policy, offering robust security
packages and yielding cash coupons in excess of 8.00% per
annum.
The RCF, provided by OakNorth Bank, offers RMDL flexible capital
for general corporate purposes including to invest in its
substantial pipeline of opportunities. RMDL does not incur any
non-utilisation fees in connection with the facility.
Further details regarding the transactions will be detailed in
the quarterly factsheet expected to be published on or around the
16(th) January 2019.
END
For further information, please contact:
RM Capital Markets Limited - Investment Manager
James Robson
Pietro Nicholls
Tel: 0131 603 7060
Tulchan Communications LLP - Financial PR
Elizabeth Snow
Deborah Roney
Tel: 0207 353 4200
About RM Secured Direct Lending
RM Secured Direct Lending Plc is a closed-ended investment trust
established to invest in a portfolio of secured debt instruments.
The Company aims to generate attractive and regular dividends
through loans sourced or originated by the Investment Manager with
a degree of inflation protection through index-linked returns where
appropriate. Loans in which the Company invests are predominantly
secured against assets such as real estate or plant and machinery
and/or income streams such as account receivables.
About RM Capital Markets Limited
RM Funds is a trading name of RM Capital Markets Limited, the
Investment Manager to RM Secured Direct Lending PLC and VT RM
Alternative Income Fund. RM Capital is a specialist in alternative
fund management, sales & trading, foreign exchange, and capital
markets and advisory. Founded in 2010, with offices in Edinburgh,
and London, it has transacted in excess of GBP50 billion of bonds
and loans since its inception, and advised or originated,
structured and managed the due diligence process for over GBP1
billion of Sterling credit transactions and approximately EUR700
million of Euro based transactions in each case since 2012.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLIFVALRITIIA
(END) Dow Jones Newswires
January 08, 2019 05:00 ET (10:00 GMT)
Rm Infrastructure Income (LSE:RMII)
Historical Stock Chart
From Apr 2024 to May 2024
Rm Infrastructure Income (LSE:RMII)
Historical Stock Chart
From May 2023 to May 2024