3 Sep 2018 10:19
Non-Standard Finance plc
('Company' or the 'Group')
Additional debt facilities
3 September 2018
As referenced in the Group's half year results announcement on 2 August 2018, the Company is pleased to announce that it has now completed on the £70m of additional debt funding, taking the Group's total facilities to £330m.
The additional facilities comprise an increase of £60m to the Group's existing term loan facility (the 'Term Loan'), provided by a group of institutional investors and led by Alcentra Limited. The increased facility is on the same terms as the Term Loan and is at the same interest rate of LIBOR plus 725 basis points per year with interest payable every six months. In addition, the Group has also secured a £10m increase in its existing revolving credit facility provided by Royal Bank of Scotland.
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |