Tasty Secures GBP8 Million Facility To Back Estate Expansion

Tue, 01st Sep 2015 10:01

LONDON (Alliance News) - Restaurant operator Tasty PLC on Tuesday said it has renewed and extended its existing debt facility to GBP8.0 million.

The new facility includes a GBP3.0 million revolving bank facility and a GBP5.0 million term loan, both for five years.

Barclays PLC is providing the debt.

The company said the funding will back its plans to expand its restaurant estate.

Tasty shares were up 2.0% to 127.00 pence on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Related Shares

More News

4 Jun 2024 20:31

TRADING UPDATES: Tasty restructuring backed; Alien Metals raises funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

13 May 2024 16:39

TRADING UPDATES: Adnams toasts first quarter sales; t42 wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could b...

9 Apr 2024 15:42

Tasty to close 22 sites in restructuring amid "challenging times"

(Alliance News) - Tasty PLC on Tuesday announced a restructuring plan to combat "difficult recent trading conditions", and struck a loan agreement to ...

9 Apr 2024 13:06

Wildwood operator Tasty to shut around 20 sites as part of restructuring plan

(Sharecast News) - Restaurant operator Tasty said on Tuesday that it was planning to close around 20 loss-making sites as part of a restructuring, as ...