AGT aims to maximise total return over the long term through an actively managed portfolio of global investments. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 index.
Pricoa’s relationship with AGT began in 2022, with our most recent transaction taking place in September 2024; this was the third transaction in as many years. In this instance, the Company was struggling with the short-term nature of its RCF facilities, which required extending on an almost annual basis. The Company had also drawn on its JPY-denominated revolver as part of its regular portfolio management processes.
As a solution, we proposed terming out RCF drawings at pricing substantially the same as the previous transaction. After we confirmed pricing levels, management viewed the proposition as attractive, and the deal went ahead. This deal closed a further ¥5 billion investment with AGT, facilitating the replacement of its revolving credit facility and providing suitable capital for its ongoing growth ambitions. PPC continues to support the Company as a core capital provider.
AVI Global Trust decided to partner with us given our ability to provide natural yen, attractive pricing, speed of execution, and a strong existing relationship, which provided for a smooth and swift transaction.
We are proud to continue partnering with AVI Global Trust, and we look forward to supporting the business for the long term.
