30 Jul 2013 07:00
30 July 2013
reach4entertainment enterprises plc
("r4e" or "the Company" or "the Group")
Heads of Terms Agreement
r4e, the transatlantic media and entertainment company, today announces that it has entered into a Heads of Terms agreement with Allied Irish Bank to restructure the existing loan facility which is due to expire in May 2015.
This agreement, subject to contract, establishes a six year term from date of contract and a new interest rate of 3 per cent over LIBOR.
Ends
Enquiries:
reach4entertainment David Stoller, Executive Chairman
| +44 (0) 20 7993 0000
|
Blythe Weigh Communications Tim Blythe Eleanor Parry
| +44 (0) 20 7138 3204 +44 (0) 7816 924626 +44 (0) 7551 293620 |
Cantor Fitzgerald Europe Stewart Dickson/Mark Percy (Corporate Finance) Katie Ratner (Corporate Broking)
| +44 (0) 20 7894 7000 |
First Columbus Katrina Perez Kelly Gardiner | +44 (0) 20 3002 2070 |