REG - IG Design Group PLC - New Debt Facility and Notice of Results

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RNS Number : 8269Q  IG Design Group PLC  14 July 2025

14 July 2025

IG Design Group plc

(the 'Group' or 'Design Group')

New Debt Facility and Notice of Results

IG Design Group plc, one of the world's leading designers, innovators and
manufacturers across various celebration and creative categories, announces
the successful refinancing of its lending facilities.

The Group has successfully negotiated a three-year refinancing with HSBC and
NatWest for £40m which is structured as a Recourse Receivables Finance
Facility. The Group's UK overdraft facility will be cancelled upon
commencement of this new facility.

The new facility carries an initial bank margin of 1.75% over the Sterling
Overnight Index Average ("SONIA"), the Euro Interbank Offered Rate
("EURIBOR"), or the Secured Overnight Financing Rate ("SOFR"), depending on
the currency drawn. This compares to a margin of 1.75% - 2.25% plus a 0.1%
credit adjustment spread over the SOFR under the Group's previous lending
facility. The new facility is expected to offer better value and be simpler to
manage. The previous facility ended upon the completion of the disposal of DG
Americas.

The Board believes that the new facility, which flexes in line with the
receivables in the UK and Netherlands, provides more than sufficient headroom
to fund the Group's working capital needs over the period of the facility.

 

Notice of Results

The Group will announce its Full Year Results on Tuesday 29 July 2025.

Following the release of the Company's results, management will be hosting a
virtual presentation and Q&A for investors at 11am on 29 July 2025. To
register to attend, please use the following link:
https://bit.ly/IGR_FY25_results_webinar
(https://bit.ly/IGR_FY25_results_webinar)

Additionally, management will be hosting a virtual presentation and Q&A
for analysts at 9am on 29 July 2025. To register to attend, please email
designgroup@almastrategic.com

 

Stewart Gilliland, Interim Executive Chair, commented: "We are pleased to have
secured a new debt facility for the Group, which strengthens our finances and
provides us with a solid foundation for the future. We would like to thank
both HSBC and NatWest for their continued support and confidence in the
business."

 

For further information, please contact:

 IG Design Group Plc                            Tel: +44 (0) 1525 887310

 Stewart Gilliland, Interim Executive Chair

 Rohan Cummings, Chief Financial Officer

 Canaccord Genuity Limited (Nomad and Broker)   Tel: +44 (0) 20 7523 8000

 Bobbie Hilliam

 Elizabeth Halley-Stott

 Alma Strategic Communications                  Tel: +44 (0) 20 3405 0209

 Rebecca Sanders-Hewett                         designgroup@almastrategic.com (mailto:designgroup@almastrategic.uk)

 Sam Modlin

 Will Merison

 

 

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