Hayward Tyler Group PLC Successful completion of loan note raise (7473W)
14 February 2017 - 12:19AM
UK Regulatory
TIDMHAYT
RNS Number : 7473W
Hayward Tyler Group PLC
13 February 2017
13 February 2017
Hayward Tyler Group plc
("Hayward Tyler", the "Company" or "Group")
Successful completion of loan note raise
Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the
specialist engineering Group, comprising the operating companies of
Hayward Tyler and Peter Brotherhood, is pleased to announce the
successful completion of its latest loan note issue at GBP0.6m. The
loan notes carry a 1-year term and pay interest at 6.75%. Proceeds
of this issue will be used to reduce the Company's revolving credit
facility ("RCF") with Royal Bank of Scotland ("RBS") by
GBP0.6m.
The Group continues to have a supportive relationship with RBS,
which has now agreed to extend the repayment date of the remaining
balance of the GBP2.4m short term borrowings under the RCF to 28
February 2017.
Further updates regarding the repayment of the GBP2.4m short
term borrowings will be made in due course.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information:
Hayward Tyler Group plc +44 (0)1582 731 144
Ewan Lloyd-Baker, CEO
Nick Flanagan, CFO
FinnCap Limited-NOMAD and Broker +44(0)20 7220 0500
Matt Goode / Emily Watts, Corporate Finance
Tim Redfern / Tony Quirke, Corporate Broking
Lesmoir-Gordon, Boyle & Co. Ltd - loan note arrangers +44
(0) 20 7518 9892
Andrew Boyle
Angus Grierson
Buchanan Communications, Financial PR +44(0)207 466 5000
Charles Ryland
Chris Judd
Jane Glover
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 13, 2017 08:19 ET (13:19 GMT)
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