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17 Mar 2016 07:00
17 March 2016
GLI Finance Limited
New Credit Facility
The Board of Directors is pleased to confirm, as announced on 16 February 2016, that it has repaid the existing £30m Sancus loan facility and has entered into a new loan for £14.86m with a term of 1 year at a reduced interest rate of 8.75% (previously 11%). It is the intention of the Directors to refinance this new loan prior to maturity.
Enquiries
GLI Finance Limited
Andy Whelan
+44 (0)1534 708900
Panmure Gordon (Nominated Adviser and Corporate Broker)
Dominic Morley
+44 (0)20 7886 2954
Peter Steel
+44 (0)113 357 1152
Tom Salvesen
+44 (0)20 7886 2904
Instinctif Partners (PR Advisor)
Tim Linacre
+44 (0)207 457 2020
About GLI Finance
GLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance has an equity stake.
The platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include global trade finance, UK and US SME lending, offshore lending, UK invoice discounting, European invoice discounting, supply chain finance and UK property-backed lending.
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