2 November 2020
For immediate release
The information contained in this announcement is restricted and is not for publication, release or distribution in
Pantheon International Plc
("PIP" or the "Company")
Update on credit facility
Pantheon International Plc is pleased to announce that it has agreed an amendment and extension to its
The Loan Facility remains undrawn. PIP's mature portfolio, which at 31 May 2020 was reported to have an average fund vintage maturity of 5.1 years, is in a cash generative phase. The Company expects to continue to finance its new investments and meet its unfunded commitments, amounting to
Commenting on the Loan Facility, Sir Laurie Magnus, Chairman of PIP, said: "The Board is pleased to have secured this amendment to the Loan Facility, particularly in the current challenging economic conditions. PIP's strong balance sheet means that the Company is able comfortably to finance its unfunded commitments while remaining alert to compelling new investment opportunities as they arise."
This announcement contains inside information.
For more information please visit PIP's website at www.piplc.com or contact:
Helen Steers / Vicki Bradley
020 3356 1800
Follow us on LinkedIn: https://www.linkedin.com/company/pantheon-international-plc
PIP is a listed FTSE 250 private equity investment trust, overseen by an independent Board of Directors and managed by Pantheon, one of the leading private equity investment managers globally. PIP offers investors a liquid, differentiated entry point to the excellent growth potential of global private equity, with access to the primary, secondary and co-investment opportunities of some of the best managers in the world. The Company has a track record of outperformance and manages risk through diversification and rigorous selection based on Pantheon's extensive experience and international platform.
Pantheon is a leading global private equity, infrastructure, real assets and debt fund investor that invests on behalf of over 600 investors. Founded in 1982, Pantheon has developed an established reputation in primary, co-investment and secondary private asset solutions across all stages and geographies. Pantheon has
^^This figure includes assets subject to discretionary or non-discretionary management, advice or those limited to a reporting function.
A copy of this announcement will be available on the Company's website at www.piplc.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.
Sir Laurie Magnus
Chairman, Pantheon International Plc
Beaufort House, 51 New North Road,