Montanaro European Smaller Companies Trust plc announced that it has entered into a EUR 10 million term loan facility agreement for a five-year term at a fixed rate of 1.33% per annum with ING Bank N.V., London Branch. The facility has been fully drawn down 13 September 2018 and together with cash resources, has been used to repay the Company's existing loan facilities totalling EUR 25 million with ING which mature 13 September 2018. The new facility is repayable on 13 September 2023. The Company has also entered into a five-year revolving credit facility with ING, for EUR 15 million.