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Share Price: 371.00

Bid: 371.00

Ask: 398.00

Change: -5.00 (-1.33%)

Spread: 27.00 (7.278%)

Open: 371.00

High: 371.00

Low: 371.00

Prev. Close: 376.00

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IN BRIEF: H&T increases bank facility with Lloyds to GBP50 million

Mon, 24th Jul 2023 11:23

H&T Group PLC - Surrey-based pawnbroker and retailer of new and pre-owned jewellery and watches - Notes increase in the financing facilities provided by its "longstanding" lender Lloyds Banking Group PLC. Expands total facility to GBP50 million from GBP35 million previously. This includes a GBP45 million revolving credit facility that expires in December 2025 and has the option to extend for up to two more years. It also has a GBP5 million overdraft facility that renews annually. The interest rate on the RCF is increased to 2.4 to 3.3 percentage points above the sterling overnight interbank average rate from 1.7 points. The overdraft keeps the existing terms of 1.7 points above the Bank of England base rate. There is no change to existing banking covenants.

"This additional finance will be used to fund further growth in the pledge book and investment in the store portfolio," H&T says.

Current stock price: 427.00 pence

12-month change: up 8.1%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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14 Apr 2014 05:42

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10 Apr 2014 07:48

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7 Apr 2014 11:50

H&T eyes up Albemarle & Bond assets

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7 Apr 2014 08:35

H&T Group Confirms Proposal To Buy Some Albemarle & Bond Assets

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27 Feb 2014 16:26

Pawnbroker H&T takes FY profit hit from falling gold price

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27 Feb 2014 14:59

Pawnbroker H&T Profit Falls, As It Cuts Dividend And Warns On 2014

LONDON (Alliance News) - H&T Group PLC Thursday said its pretax profit fell significantly in 2013 on reduced volumes of gold in circulation. The pawnbroker lowered its dividend and warned on 2014 results. H&T said pretax profit fell to GBP6.7 million from GBP17.0 million the previous year,

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7 Jan 2014 14:47

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AIM IN BRIEF: H&T Says Profit As Expected, But Gold Price Has Hurt

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H&T Group's Financial Director steps down

H&T Group's Finance Director Alex Maby is stepping down from the UK pawnbroker. Maby will leave the board in late November and depart from H&T at the beginning of December. Commercial Director Steve Fenerty will take over from Maby. He has 20 years of experience in the consumer credit business,

25 Oct 2013 07:02

H&T Group Finance Chief Leaves, Replaced With Insider

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