AVI Global Trust has extended its JPY4. billion ($38 million) revolving credit facility with Scotiabank Europe, effective immediately.

The extension will increase the total amount under the three-year facility to JPY9 billion ($85.5 million). Drawings of up to half of the facility limit can now be made in pounds sterling, U.S. dollars or Euros.

AVI Global – formerly known as British Empire Trust – is a London-based British investment trust dedicated to investments in companies trading at a discount to Net Asset Value.