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254.00    -1.00 (-0.39%)
Bid:
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Spread: 2.00 (0.791%)
Market Cap: £339.42m
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Debt Refinancing

29 Jun 2011 07:00

RNS Number : 3120J
Restore PLC
29 June 2011
 



Restore plc

("Restore" or "The Company")

Refinancing Agreement

Restore plc, the AIM listed UK Services Group, today announces that it has signed a new finance facility with Barclays Bank plc. The main details of the new facility are:

·; A 5 year Term Loan for £11 million at 2.85% over 3 month LIBOR. The repayment period is 10 years with quarterly payments commencing June 2012

·; A 3 year Revolving Credit Facility for £3 million at 3.5% over 3 month LIBOR

·; An overdraft, on demand, facility of £2 million at 3% over 3 month LIBOR

Commenting on the agreement Harvey Samson, Finance Director of Restore plc said: "Restore is a profitable business with excellent growth prospects and good quality of earnings. We are delighted to have put in place these new financing arrangements which enable us to continue our strategy of growth both organically and by acquisition."

 

For further information, please contact:

 

Restore plc

Charles Skinner, Chief Executive

Harvey Samson, Finance Director

Tel: 07966 234 075

Tel. 07836 658448

 

Cenkos Securities

Nicholas Wells / Elizabeth Bowman

Tel: 020 7397 8900

 

Threadneedle Communications

John Coles

Tel: 020 7653 9848

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRGMGZVNRMGMZM
Date   Source Headline
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30th Sep 20087:00 amRNSInterim Results
24th Sep 20087:00 amRNSTrading Statement
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27th Jun 20085:28 pmRNSPosting of Accounts
5th Jun 20087:00 amRNSIssue of Equity
30th Apr 200812:39 pmRNSAGM Statement
12th Mar 20087:01 amRNSFinal Results
18th Dec 200711:34 amRNSHolding(s) in Company
26th Oct 20077:00 amRNSDirectorate Change
11th Oct 20072:37 pmRNSAcquisition Consideration
5th Oct 200710:30 amRNSHolding(s) in Company
28th Sep 200712:45 pmRNSCompletion of Acquisition
21st Sep 20077:02 amRNSAcquisition
13th Sep 20079:31 amRNSDirector/PDMR Shareholding
12th Sep 20077:01 amRNSInterim Results
9th Aug 20078:00 amRNSRe AIM Rule 26
13th Jul 20078:00 amRNSNotice of Results
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25th Apr 200712:59 pmRNSAGM Statement
20th Apr 20071:18 pmRNSDirector/PDMR Shareholding
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27th Mar 20077:02 amRNSAcquisition
14th Mar 20077:03 amRNSFinal Results
15th Jan 20079:58 amRNSNotice of Results
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13th Nov 200610:08 amRNSEPT Amendment
10th Nov 200612:15 pmRNSEPT Disclosure
9th Nov 20062:32 pmRNSRule 8.3- Radstone Technology
7th Nov 20063:20 pmBUSRule 8.3 - Radstone Technology CFD

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