Pantheon International PLC - private equity investment trust - Agrees a new GBP500 million equivalent multi-tranche, multi-currency revolving credit facility agreement, which replaces the existing GBP500 million equivalent credit facility. The new loan facility is split into a GBP400 million facility, expiring in October 2026 with an ongoing option to extend, by agreement, the maturity date by 364 days at a time; and a GBP100 million facility expiring in October 2024. Says it sought to "build a long-term, sustainable, more flexible, and diverse capital structure as part of this process, further strengthening the company's balance sheet". The structure permits the GBP400 million facility to be increased to GBP700 million, subject to the consent of participating lenders. Says the new loan facility was oversubscribed, with new lenders State Street Bank & Trust Co, RBS International PLC, Mizuho Bank Ltd and RBC Europe Ltd, joining the syndicate alongside two existing lenders Lloyds Bank Corporate Markets PLC and State Street Bank International GmbH. Credit Suisse AG's London branch will no longer be a lender.

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By Greg Rosenvinge, Alliance News reporter

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