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ICG Enterprise Trust PLC on Thursday said it signed a new revolving credit facility, effective since the day before. The London-based investor in buyouts in North America and Europe said the €240 million RCF replaced the previous €240 million one, and extended the maturity of its financing facility by one year to the end of May 2027. ICG said the purpose of the facility was unchanged, being to finance short term fluctuations in the working capital. Chair Jane Tufnell said: ‘We are pleased to have agreed this facility and to broaden our financing base with two new lending partners. The agreement of this RCF reinforces our strong balance sheet, and supports ICG Enterprise Trust‘s ability to continue to execute on our investment pipeline and to deliver for our shareholders.’ ICG Enterprise shares were 1.2% higher at 1,164.00 pence each in London on Thursday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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