Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCAMB.L Regulatory News (CAMB)

  • There is currently no data for CAMB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Renewed Banking Facilities

22 Nov 2017 09:34

RNS Number : 2222X
Cambria Automobiles Plc
22 November 2017
 

 

22 November 2017

 

Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB

 

Renewed Banking Facilities

 

Cambria, the franchised motor retailer, is pleased to announce that it has successfully refinanced its existing banking arrangements with Lloyds Banking Group.

 

Cambria entered into revised banking arrangements with Lloyds Banking Group to refinance the existing term loans arranged on 23 November 2015 into one standardised facility that has a five year term, and 15 year capital repayment profile. The refinancing of the Group's existing debt facilities into a new £40.0m, five year Revolving Credit Facility will provide the Group with the flexibility that it requires for the next five years in relation to the property and franchising strategy that it has in place.

 

Further details on the new banking facilities are available in the Group's Audited Preliminary Results announcement that was released today.

 

James Mullins, Finance Director of Cambria Automobiles plc, commented:

 

"We are very pleased to have refinanced and extended our banking facilities and would like to thank Lloyds Banking Group for their continued support. These facilities will provide the Group with the flexibility that it requires for the next five years in relation to the property and franchising strategy that it has in place."

 

-Ends-

 

 

Enquiries:

Cambria Automobiles

Mark Lavery, Chief Executive

James Mullins, Finance Director

www.cambriaautomobilesplc.com

 

Tel: 01707 280 851

N+1 Singer - Nomad & Joint Broker

Alex Price

 

Tel: 020 7496 3000

Zeus Capital - Joint Broker

Dominic King

 

Tel: 020 7533 7727

FTI Consulting

Alex Beagley / James Styles

 

Tel: 020 3727 1000

 

 

About Cambria - www.cambriaautomobilesplc.com

 

Cambria Automobiles ("Cambria") was established in March 2006 with the aim of creating a balanced independent UK motor retail group through a self-funded "buy and build" strategy, focused on turnaround opportunities.

 

Working in close cooperation with its manufacturer partners, the Group has built a balanced portfolio of 31 luxury, premium and volume dealerships, representing 46 franchises and 16 brands, with geographical representation spanning from the North West to the South East in Kent. These businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

 

Cambria's brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Dacia, Ford, Fiat, Honda, Jaguar, Jeep, Land Rover, Mazda, Nissan, Renault, Triumph, Vauxhall and Volvo.

 

The management's success in turning around under-performing dealerships has allowed Cambria to build a strong balance sheet. As a result, the Group is in a position to acquire valuable premium operations, which are immediately earnings enhancing and directly in line with the Group's strategy to further enhance the brand portfolio.

 

The Group's medium term ambition is to create a £1 billion turnover business producing attractive returns on capital.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKLLBLDFFXFBL
Date   Source Headline
11th Oct 20214:15 pmRNSResult of General Meeting
5th Oct 20215:18 pmRNSHolding(s) in Company
29th Sep 20217:00 amRNSOffer Closure and Compulsory Acquisition
27th Sep 20213:10 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
27th Sep 20219:43 amRNSForm 8.5 (EPT/RI)
24th Sep 202110:42 amRNSForm 8.5 (EPT/RI)
23rd Sep 20219:46 amRNSForm 8.5 (EPT/RI)
22nd Sep 202110:48 amRNSForm 8.5 (EPT/RI)
21st Sep 20213:07 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
21st Sep 202110:01 amRNSForm 8.5 (EPT/RI)
20th Sep 20213:16 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
20th Sep 202111:37 amRNSForm 8.5 (EPT/RI)
17th Sep 20219:20 amRNSForm 8.5 (EPT/RI)
16th Sep 20213:09 pmRNSForm 8.3 - Cambria Automobiles Plc
16th Sep 202110:03 amRNSForm 8.5 (EPT/RI)
15th Sep 20213:11 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
15th Sep 202111:21 amRNSForm 8.5 (EPT/RI)
15th Sep 20217:00 amRNSPROPOSED CANCELLATION OF TRADING ON AIM
14th Sep 20215:30 pmRNSCambria Automobiles
14th Sep 20213:27 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
14th Sep 202110:35 amRNSForm 8.5 (EPT/RI)
14th Sep 20217:00 amRNSOFFER DECLARED UNCONDITIONAL
13th Sep 20213:09 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
13th Sep 20219:36 amRNSForm 8.5 (EPT/RI)
13th Sep 20217:00 amRNSOFFER UPDATE AND EXTENSION OF OFFER
13th Sep 20217:00 amRNSForm 8.3 - Cambria Automobiles
9th Sep 20213:17 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
9th Sep 202110:40 amRNSForm 8.5 (EPT/RI)
9th Sep 20217:00 amRNSForm 8.3 - Cambria Automobiles
8th Sep 20213:11 pmRNSForm 8.3 - CAMBRIA AUTOMOBILES PLC
8th Sep 20219:31 amRNSForm 8.5 (EPT/RI)
7th Sep 20219:48 amRNSForm 8.5 (EPT/RI)
27th Aug 20213:21 pmRNSOffer Update Re Share Alternative & Extension
27th Aug 20212:54 pmRNSPre-close Trading Update
23rd Aug 202111:31 amRNSForm 8.3 - Cambria Automobiles
23rd Aug 202110:59 amRNSForm 8.5 (EPT/RI)
20th Aug 20219:22 amRNSForm 8.5 (EPT/RI)
19th Aug 20219:39 amRNSForm 8.5 (EPT/RI)
19th Aug 20217:00 amRNSForm 8.3 - Cambria Automobiles
17th Aug 202110:59 amRNSForm 8.5 (EPT/RI)
16th Aug 202110:20 amRNSForm 8.5 (EPT/RI)
13th Aug 20214:56 pmRNSPUBLICATION AND POSTING OF OFFER DOCUMENT
13th Aug 20219:43 amRNSForm 8.3 - Cambria Automobiles
12th Aug 20214:36 pmRNSForm 8.3 - Cambria Automobiles
12th Aug 202111:35 amRNSForm 8.5 (EPT/RI)
11th Aug 20219:29 amRNSForm 8.5 (EPT/RI)
10th Aug 20219:21 amRNSForm 8.5 (EPT/RI)
9th Aug 202111:31 amRNSForm 8.5 (EPT/RI)
6th Aug 202110:38 amRNSForm 8.5 (EPT/RI)
5th Aug 202110:20 amRNSForm 8.5 (EPT/RI)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.