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Pin to quick picksFulham Shore Regulatory News (FUL)

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New banking arrangements

Mon, 30th Mar 2015 07:00

RNS Number : 7846I
Fulham Shore PLC (The)
30 March 2015

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The Fulham Shore plc

("The Fulham Shore" or the "Company")

New Banking Arrangements

The Fulham Shore announces that it has agreed new credit facilities with its bank, HSBC.

The new credit facilities, for which covenants have been agreed, provide a revolving credit facility of £6.0 million and an overdraft facility of £0.5 million to the Company for various purposes including:

- refinancing the outstanding loan facility acquired with Kefi Limited of £860,000;

- investment in the Company's existing restaurants;

- funding the expansion of The Real Greek restaurants; and

- funding future acquisitions and expansion of any acquired brands.

The revolving credit facility is for a fixed term of 4 years and attracts an interest rate margin of between 1.5 per cent. and 2.5 per cent. over LIBOR on amounts drawn down.

Contacts:

The Fulham Shore plc

www.fulhamshore.com

David Page

07836 346 934

Allenby Capital Limited

Nick Naylor / Jeremy Porter / James Reeve

020 3328 5656

This information is provided by RNS
The company news service from the London Stock Exchange
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