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IN BRIEF: Sutton Harbour extends loan facility amount and deadline

Fri, 08th Mar 2024 11:42

Sutton Harbour Group PLC - Plymouth, England-based waterfront regeneration company - Says it agreed on Thursday with lender Beinhaker Design Services Ltd or BDSL to extend its existing unsecured loan finance by GBP450,000, bring the total facility to GBP2.6 million. Final repayment date is also extended by 12 months to May 31, 2025. Says terms of the GBP1.3 million unsecured loan facility from Rotolok (Holdings) Ltd remain unchanged. BDSL loan carries a fixed 8% gross annual interest rate, and Sutton Harbour has the option to roll up some or all of the interest at a fixed 10% annual rate. BDSL represents 56% of the holdings of FB Investors LLP, which has a 75.38% holding in the company.

Current stock price: 9.15 pence, down 3.7% late on Friday morning

12-month change: down 58%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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