Blackstone / GSO Loan Financing (BGLF) has announced that it intends to apply to the UK Listing Authority (UKLA) for admission of the Company’s shares to a premium listing on the Official List and to the LSE for trading of the Company’s shares on the Premium Segment of the Main Market of the LSE. At present, BGLF is listed on the specialist fund segment of the London Stock Exchange.
Rationale for the move
BGLF’s board says that, as the Company grows, it believes that the Company will benefit over time from such a migration to listing on the Official List as it anticipated that this will broaden its appeal to a wider range of shareholders. The Company says that it also intends to redenominate its market quote on the London Stock Exchange from Euro into Sterling, such that its shares may become eligible for inclusion in applicable indices. However, any migration would be subject to the Company meeting the relevant eligibility criteria and approval by the UK Listing Authority. The Company says that it will provide an update in due course.
About Blackstone / GSO Loan Financing
Blackstone/GSO Loan Financing ‘s investment objective is to provide shareholders with stable and growing income returns and to grow the capital value of the investment portfolio by exposure predominantly to floating rate senior secured loans directly and indirectly through collateralized loan obligation securities and investments in loan warehouses. It invests through Blackstone / GSO Corporate Funding Limited, in a portfolio of assets comprising predominantly of European senior secured loans and the most subordinated tranches of debt issued by collateralised loan obligations (“CLOs”, such tranches being “CLO Income Notes”) issued by CLOs that are managed by Blackstone / GSO Debt Funds Management Europe Limited.
Blackstone / GSO Loan Financing to seek premium listing : BGLF