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BNP Paribas CSBenchmark 1ONC5 sub notes +148#
London-based investment trust Majedie Investments PLC has secured a GBP15 million one-year revolving credit facility from BNP Paribas SA. This move aims to provide a more flexible approach to leverage for the company, which focuses on long-term capital growth and regular dividends. The loan replaces a structural gearing facility worth GBP20.7 million at 7.5%, which was due to be repaid by March 31 [1].
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