In QuotedData’s other news 15 January 2020
- Standard Life Private Equity said that Peter McKellar, global head of private markets at Aberdeen Standard Investments, the investment manager, bought £500,000 worth of shares in the company – a massive vote of confidence we think, and taking advantage of the discount that the shares trade on.
- Chenavari Toro announced the latest of its semi-annual 5% tender offers – this one will pay out in February and is based on a tender price of 85% of the 31 December 2019 NAV – a hefty discount for a tender offer.
- Target Healthcare REIT has secured a new £50m borrowing facility with an aggregate fixed rate of interest of 3.28% per annum for its 12-year term, maturing in January 2032. The facility has been used to repay the existing £40m term loan with First Commercial Bank Limited, which was due for repayment in August 2022. The weighted average term to maturity of the group’s borrowings is extended from 1.6 years to 4.3 years and the weighted average cost on its drawn debt, inclusive of amortisation of arrangement costs, is 3.07%.