REG - NAHL Group PLC - Renewal of Banking Facilities

NAHLAnnouncement

08/03/2024 07:00

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RNS Number : 0746G  NAHL Group PLC  08 March 2024

 

8 March 2024

NAHL Group PLC

("NAHL" or the "Group")

 

Renewal of Banking Facilities

 

NAHL (AIM: NAH), a leading marketing and services business focused on the UK
consumer legal market is pleased to confirm that it has renewed its banking
facilities with Clydesdale Bank/Virgin Money.

 

The term of the Revolving Credit Facility (RCF), which was set to expire on 31
December 2024, has been successfully extended to 31 December 2025 and the
limit on the facility has been reduced by £5m to £15m, in line with the
Group's medium-term plans and the 27% reduction in net debt to £9.7m at 31
December 2023 (31 December 2022: £13.3m). The interest rate on the facility
remains at 2.25% above SONIA.

 

ENDS

 

For further information:

 NAHL Group PLC                                                 via FTI Consulting

 James Saralis (CEO)                                            Tel: +44 (0) 20 3727 1000

 Chris Higham (CFO)

 Allenby Capital (AIM Nominated Adviser & Broker)               Tel: +44 (0) 207 220 0500

 Jeremy Porter/Liz Kirchner (Corporate Finance)

 Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)

 FTI Consulting (Financial PR)                                  Tel: +44 (0) 20 3727 1000

 Alex Beagley

 Eleanor Purdon

 Amy Goldup

Notes to Editors

NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market.
The Group provides services and products to individuals and businesses through
its two divisions:

 

· Consumer Legal Services provides outsourced marketing services to law
firms through National Accident Helpline; and claims processing services to
individuals through National Accident Law, Law Together and Your Law.  In
addition, it also provides property searches through Searches UK.

 

· Critical Care provides a range of specialist services in the catastrophic
and serious injury market to both claimants and defendants through Bush &
Co.

 

More information is available at www.nahlgroupplc.co.uk
(http://www.nahlgroupplc.co.uk/) , www.national-accident-helpline.co.uk
(http://www.national-accident-helpline.co.uk/) ,
www.national-accident-law.co.uk (http://www.national-accident-law.co.uk/) and
www.bushco.co.uk (http://www.bushco.co.uk/) .

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