TIDMCLDN

RNS Number : 3560K

Caledonia Investments PLC

06 July 2017

CALEDONIA INVESTMENTS PLC

INCREASE IN COMMITTED BANK FACILITIES

Caledonia Investments plc ("Caledonia") announces that it has today increased its aggregate committed term bank facilities from GBP175m to GBP250m.

Caledonia's existing relationship banks, The Royal Bank of Scotland plc ("RBS") and ING Bank N.V., London Branch ("ING"), have each increased their existing bilateral revolver facilities from GBP62.5m to GBP112.5m, RBS for a three-year term and ING for a five-year term. In addition, Caledonia's wholly-owned treasury management subsidiary, Caledonia Treasury Ltd, has renewed its three-year revolver facility with RBS at a level of GBP25m.

Commenting on the new facilities, Will Wyatt, Caledonia's Chief Executive, said:

"We are delighted that our existing providers have agreed to extend their committed facilities with us. The additional capacity is more appropriate for the size of our balance sheet and will provide greater flexibility to manage short term liquidity requirements for potential investment opportunities."

6 July 2017

For further information contact:

 
 Caledonia Investments 
  plc 
 Will Wyatt, 
  Chief Executive 
 
  Stephen King 
  Finance Director         +44 20 7802 8080 
 
 Media contact: 
 
 Tulchan Communications 
 Peter Hewer               +44 20 7353 4200

END

Notes for editors:

Caledonia Investments plc

Caledonia is a self-managed investment trust company listed on the London Stock Exchange with net assets of approximately GBP1.9bn as at 30 June 2017. The company maintains a concentrated portfolio of international quoted, unquoted and fund investments and has paid an increasing annual dividend for 50 years.

For additional information on Caledonia, please visit www.caledonia.com.

Neither the contents of Caledonia's website, nor the contents of any website accessible from hyperlinks on such website (or any other website) is incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 09:24 ET (13:24 GMT)

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