31 Dec 2012 07:00
The Real Good Food Company Plc (AIM: RGD)(the "Company")
Completion of New Bank Facility
The Company is pleased to announce that it has completed a new 5 year £50 million bank facility with its current financiers PNC Financial Services UK Ltd., ahead of the maturity of its existing facilities in July 2013. The new facility which, represents a £10 million increase on the existing facility, will run until December 2017 comprising, as now, of a mixture of revolving credit facilities secured on trade debtors and inventory and term loans secured on the fixed assets of the business.
Pieter Totté, Executive Chairman, comments:
"I am extremely pleased we have been able to extend our relationship with PNC who have always been supportive of the Group and have demonstrated their continued commitment by providing the facilities we need to help deliver our ambitions."
ENQUIRIES:
Real Good Food | |
Pieter Totté, Chairman | Tel: 020 3056 1516 |
Mike McDonough, Finance Director | Tel: 0151 706 8200 |
Shore Capital & Corporate | Tel: 020 7408 4090 |
Stephane Auton / Patrick Castle | |
Cubitt Consulting | Tel: 020 7367 5100 |
Gareth David |