31 December 2018

LGB Q4 2018 MTN Issuance Summary

Acamar Films, the owner of the intellectual property and commercial rights to the children's animation character Bing, issued notes from its existing £15 million MTN Programme. The three-year notes have an interest rate of 9.0% p.a. The notes will be used to refinance existing debt and provide additional working capital.

 

Sema Lease UK Limited, the leading UK provider of short- to medium-term vehicle rental, issued notes from its existing £25 million MTN Programme. The notes have 1, 2, and 3 year maturities paying 6.0%, 7.0%, and 8.0% interest p.a. respectively. The funds raised under the MTN Programme are used to purchase cars which are then leased out on short- to medium-length terms. To date, the LNP has raised £18.2 million, of which £7.7 million is outstanding.

 

Rivers Leasing, the award-winning equipment leasing and asset finance company, issued notes from its existing £25 million MTN programme. The three-year quarterly amortising notes have an interest rate of 8.0% p.a. Since the establishment of the MTN Programme, a total principal amount of £11.8 million has been issued.

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