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Pantheon International PLC - Exeter, England-based private equity investment trust - Extends the multi-currency revolving credit facility that was due to expire in October 2026 by a further two years, so that it is now due to expire in October 2028. The facility is valued at a £400 million equivalent commitment, down from £500 million previously but its flexibility is increased to £700 million. Pantheon International says this ‘ensures liquidity coverage whilst appropriately managing costs associated with the credit facility’. The first tranche of the facility is worth $393.0 million, and the second is $120.0 million. As of Friday, Pantheon International has £23.7 million in cash and $152 million in drawings under the credit facility. The company also holds three private placement loan notes, valued at $52.5 million, $67.5 million and $30.0 million respectively, the earliest of which is due to expire in February 2029. Current stock price: 319.78 pence, up 0.4% in London on Monday morning 12-month change: up 12% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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