Less Ads, More Data, More Tools Register for FREE

New Debt Facility

1 May 2014 07:00

RNS Number : 9869F
S & U PLC
01 May 2014
 



1st May 2014

S&U PLC ("S&U" or "the Company")

New Debt Facility

S&U, Britain's foremost niche home credit and motor finance provider, is pleased to announce that it has entered into a new £30m 7 year debt facility to be provided by M&G Investments. The facility will be drawn down in tranches of £15m now and £15m in 6 months.

Anthony Coombs, Chairman commented; "We are delighted to have secured new funds from M&G Investments on attractive terms to grow our loan book. As usual we will be updating the market in our IMS on the 20th May 2014."

For further information, please contact:

Anthony Coombs, Chairman 0121 705 7777

Arden Partners plc - Broker and Financial Adviser

Adrian Trimmings 020 7614 5920

Smithfield - Media and Investor Relations

Will Swan 020 7903 0647

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBLGDSGBXBGSG

Related Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Back to RNS