LONDON--Securities Trust of Scotland PLC (STS.LN) said on Thursday that it has secured two loans from the Royal Bank of Scotland PLC (RBS.LN), worth a total of 25 million pounds ($33 million).

The company said that the first loan is for two years and is worth GBP10 million, adding that the second one is a multi-currency, seven-year facility worth of GBP15 million.

The money were drawn down in full on Thursday, the company said, adding that they be used to pay the existing loan of GBP17 million.

Shares closed at 157 pence.

 

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

September 22, 2016 11:51 ET (15:51 GMT)

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