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McKay Securities - CANCELLATION OF LEGACY INTEREST RATE SWAP

Mckay Securities · MCKS29 Mar 2018

McKay Securities PLC is pleased to announce the cancellation of the Group's remaining interest rate swap and a £10.0 million increase in its existing debt facility with Aviva Investors.. The notional value of the swap was £33.0 million with a 5.2% coupon and has been cancelled at a cost to the Group of £13.4 million, with the cost of cancellation offset by a...

McKay Securities PLC is pleased to announce the cancellation of the Group's remaining interest rate swap and a £10.0 million increase in its existing debt facility with Aviva Investors.. The notional value of the swap was £33.0 million with a 5.2% coupon and has been cancelled at a cost to the Group of £13.4 million, with the cost of cancellation offset by a...

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