Utilico Emerging Markets New Loan Facility Scotiabank Europe

Utilico Emerging Markets Ltd (UEM.LN), said Friday it has entered into a new Senior Secured Multicurrency Revolving Facility Agreement with Scotiabank Europe PLC for up to GBP50 million maturing on Feb. 23, 2014.

MAIN FACTS:

-Following satisfaction of all conditions precedent by the company, the new loan facility is available for draw down with effect from Feb. 23.

-The new facility replaces the existing GBP25 million multicurrency facility provided by HBOS which matures on March 15.

-The rate of interest is a margin of 1.20% per annum above LIBOR and the loan is secured against UEM's assets by way of English and Bermuda law debentures.

-Shares at 1016 GMT up 0.01pence, or 0.8%, at 162 pence, valuing the company at GBP346.46 million.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

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