Provided By PR Newswire
Last update: Apr 1, 2022
NEW YORK, April 1, 2022 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the "Fund"), announced today that it has entered into a secured credit agreement with U.S. Bank National Association that provides the fund with up to $15,000,000 of funding on a revolving basis, subject to a limit of 10% of the Fund's available assets. Borrowings under the agreement will be for general corporate purposes, including investment. The credit agreement contains customary representation and warranties and events of defaults for credit agreements of this type and is scheduled to mature March 29, 2023. Borrowings under the credit agreement are secured by a lien on substantially all of the Fund's assets.
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