J.P. Morgan Private Equity's existing credit agreement with Lloyds TSB Bank has been extended by one year.

The facility will now expire in January 2018 (after JPEL's 2017 ZDP share class matures) and contains additional flexibility under its covenants to better allow the company to execute its previously announced strategic initiatives, including the creation of the realisation share class in 2016, as approved at JPEL's latest AGM. Other key terms and pricing of the $150m credit facility are unchanged.

At 8:07am: (LON:JPEL) JPMorgan Private Equity Ltd share price was -0p at 0.77p