|
Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Says it is opening a new $100 million revolving credit facility with Bank of America's London Branch. The facility will have a three-year term and enables the investment partnership to borrow an aggregate amount of up to $100 million at an interest rate based on the secured overnight financing rate, SOFR, plus 1.35% per year. The portion of the facility that is not drawn will be subject to a commitment fee of 0.40% per year, Trian says.
In connection with establishing the new facility, the investment partnership terminated its prior credit facility with UBS Bank USA and is re-pledging its shares of Ferguson PLC to the new facility as collateral.
Current stock price: 127.00 pence
12-month change: up 5.8%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
