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WKN: A0MY7H | ISIN: GG00B1YQ7219 | Ticker-Symbol: PX8
Stuttgart
28.03.24
16:06 Uhr
19,500 Euro
+0,200
+1,04 %
1-Jahres-Chart
THIRD POINT INVESTORS LIMITED Chart 1 Jahr
5-Tage-Chart
THIRD POINT INVESTORS LIMITED 5-Tage-Chart
PR Newswire
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Third Point Investors Ltd - TPIL Announcement on Gearing Facility

Third Point Investors Ltd - TPIL Announcement on Gearing Facility

PR Newswire

31 May 2023

TPIL Announcement on Gearing Facility

This announcement contains inside information.

The Board of Third Point Investors Limited ("TPIL" or the "Company") announces that it intends to discontinue the use of its gearing facility, effective 2 June 2023.

TPIL originally entered into a credit facility, pursuant to which it borrowed up to $150 million at a rate of LIBOR plus 2.4%, for a period of two years starting on 1 September 2021. In consultation with the Investment Manager, the Board made the decision to: 1) submit a redemption from the Master Fund in the amount of $151.7 million, which covers principal plus accrued interest, and 2) use these proceeds to repay the loan on 2 June 2023.

The Board chose to do so before the end of the two-year term so as to save on additional interest expense, and there is no prepayment fee associated with this action.

- Ends -

Press Enquiries

Third Point

Elissa Doyle, Chief Communications Officer and Head of ESG Engagement

edoyle@thirdpoint.com

Tel: +1 212-715-4907

Buchanan

Charles Ryland

charlesr@buchanan.uk.com

Tel: +44 (0)20 7466 5107

Henry Wilson

henryw@buchanan.uk.com

Tel: +44 (0)20 7466 5111

Notes to Editors


About Third Point Investors Limited

www.thirdpointlimited.com

Third Point Investors Limited (LSE: TPOU) was listed on the London Stock Exchange in 2007 and is a feeder fund that invests in the Third Point Offshore Fund (the Master Fund), offering investors a unique opportunity to gain direct exposure to founder Daniel S. Loeb's investment strategy. The Master Fund employs an event-driven, opportunistic strategy to invest globally across the capital structure and in diversified asset classes to optimize risk-reward through a market cycle. TPIL's portfolio is 100% aligned with the Master Fund, which is Third Point's largest investment strategy. TPIL's assets under management are currently $600 million.

About Third Point LLC

Third Point LLC is an institutional investment manager that actively engages with companies across their lifecycle, using dynamic asset allocation and an ethos of continuous learning to drive long-term shareholder return. Led by Daniel S. Loeb since its inception in 1995, the Firm has a 37-person investment team, a robust quantitative data and analytics team, and a deep, tenured business team. Third Point manages approximately $12.2 billion in assets for sovereign wealth funds, endowments, foundations, corporate & public pensions, high-net-worth individuals, and employees.




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