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12 Feb 2010 13:31
RNS Number : 0907H
Jelf Group PLC
12 February 2010
Jelf Group plc
("Jelf" or "the Group")
Corporate Update
The Group is pleased to announce that it has entered into new senior debt facilities of £24 million with a five year term. This new facility provided by a small group of lenders replaces the existing facility in full. The repayments are matched to the projected cash flows of the business. The Group continues to enjoy a positive start to the year and has agreed to reduce its net debt through operational cash flow and by other means as soon as practicable.
ENQUIRIES
|
Jelf Group Plc Alex Alway, Group Chief Executive |
01454 272 713 |
|
Cenkos Securities plc Stephen Keys |
020 7397 8900 |
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