25 Jan 2016 07:00
Castle Street Investments plc
("Castle Street" or "the Company")
New Bank Facilities
Castle Street Investments plc (AIM: CSI), is pleased to announce that, following the recent announcement of agreed terms, it has now secured new bank facilities ("the New Facilities") with The Royal Bank of Scotland plc. The facilities comprise a five year £7 million Revolving Credit Facility ("RCF") available to the Company until 22 January 2021 and a £2 million overdraft facility renewable annually.
In addition, the RCF also contains an accordion feature that allows the total facility to be increased by up to a further £10 million.
The New Facilities will augment Castle Street's existing cash resources and enable the Company to support its organic and acquisitive growth initiatives.
For more information please contact:
| |
Castle Street Investments plc | |
Andy Ross, Chief Executive Officer | Tel: +44 (0) 7899 664 193 |
Julian Phipps, Chief Financial Officer
| Tel: +44 (0) 7852 714 674 |
N+1 Singer (Nominated Adviser and Broker) | Tel: +44 (0)20 7496 3000 |
Sandy Fraser | |
Jen Boorer
| |
MXC Capital Markets LLP (Financial Adviser) | Tel: +44 (0)20 7965 8149 |
Marc Young | |
Charlotte Stranner |