Non-Standard Finance PLC Additional debt facilities (5663Z)
03 September 2018 - 7:19PM
UK Regulatory
TIDMNSF
RNS Number : 5663Z
Non-Standard Finance PLC
03 September 2018
Non-Standard Finance plc
('Company' or the 'Group')
Additional debt facilities
3 September 2018
As referenced in the Group's half year results announcement on 2
August 2018, the Company is pleased to announce that it has now
completed on the GBP70m of additional debt funding, taking the
Group's total facilities to GBP330m.
The additional facilities comprise an increase of GBP60m to the
Group's existing term loan facility (the 'Term Loan'), provided by
a group of institutional investors and led by Alcentra Limited. The
increased facility is on the same terms as the Term Loan and is at
the same interest rate of LIBOR plus 725 basis points per year with
interest payable every six months. In addition, the Group has also
secured a GBP10m increase in its existing revolving credit facility
provided by Royal Bank of Scotland.
For more information:
Non-Standard Finance plc +44 (0) 20 3869
Peter Reynolds, Director, IR and Communications 9026
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END
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