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Mercia Asset Management Nets GBP38 Billion Financing from Metro Bank

MT Newswires·07/23/2026 07:19:19
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07:19 AM EDT, 07/23/2026 (MT Newswires) -- Mercia Asset Management (MERC.L) secured three-year loan facilities totaling up to 38 million pounds sterling from British lender Metro Bank. The agreement comprises a 13-million-pound term loan facility with an annual interest of 3.99% plus the Sterling Overnight Index Average, and a 25-million-pound revolving loan facility with an opening interest of 3.5% per year over SONIA, according to a Thursday release. The UK-listed private capital asset manager intends to use the funds to support the growth initiatives in its 2027 strategic plan.