Update on Debt Facility
Updated : 23:58
31 January 2023
Templeton Emerging Markets Investment Trust PLC (the "Company")
Legal Entity Identifier: 5493002NMTB70RZBXO96
Amendment and Restatement of Debt Facility
The Company announces that its multicurrency revolving facility agreement with The Bank of Nova Scotia (the "Debt Facility") has been amended and restated pursuant to an amendment and restatement agreement dated 31 January 2023 (the "Amendment and Restatement Agreement").
Pursuant to the Amendment and Restatement Agreement, the maturity date under the Debt Facility has been extended to 30 January 2024. The commitment fee on unutilised commitments has also been amended to a flat fee of 0.4 per cent. per annum. The other material terms of the Debt Facility remain unchanged.
As at the date of this announcement, the Debt Facility is undrawn.
Paul Manduca, Chairman of the Board commented:
"The Company's gearing policy currently permits debt of up to 20% of net asset value. The Board has decided that renewing the Debt Facility to maintain the flexibility to use gearing when appropriate remains appropriate."
For further information please email temitcosec@franklintempleton.com or contact Client Dealer Services at Franklin Templeton on free phone 0800 305 306, +44 (0) 20 7073 8690 for overseas investors, or e-mail enquiries@franklintempleton.co.uk.
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