Brief: Mj Hudson Group Agrees With Existing Senior Lender For A Short Term Overdraft Facility Of £1.5 Mln

MJ Hudson

24/02/2023 07:39

Feb 24 (Reuters) - MJ Hudson Group PLC  MJH.L :
    * MJ HUDSON GROUP PLC  - LOAN AGREEMENT
    * MJ HUDSON - ON 23 FEB, COMPANY REACHED AN AGREEMENT WITH
ITS
EXISTING SENIOR LENDER TO PROVIDE A SHORT TERM OVERDRAFT
FACILITY IN TOTAL OF £1.5M
    * MJ HUDSON GROUP PLC - AS PART OF ARRANGEMENT FORMER CEO &
FOUNDER, MATTHEW HUDSON, HAS AGREED TO PROVIDE COMPANY WITH A
SHAREHOLDER LOAN OF £100,000
    * MJ HUDSON GROUP PLC - SHORT TERM OVERDRAFT FACILITY TO
PROVIDE
COMPANY WITH WORKING CAPITAL WHILE IT UNDERTAKES CURRENT SALES
PROCESS
    * MJ HUDSON GROUP PLC -  LOAN AND INTEREST CAN ONLY BE
REPAID WHEN
SANTANDER HAS AGREED TO ITS REPAYMENT IN WRITING

Source text for Eikon:  ID:nRSX9710Qa 
Further company coverage:  MJH.L 
 ((Reuters.Briefs@thomsonreuters.com;))