REG - Panther Securities - Update on proposed refinancing

Panther SecuritiesAnnouncement

18/12/2023 07:00

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RNS Number : 0450X  Panther Securities PLC  18 December 2023

18 December 2023

Panther Securities PLC

(the "Company")

Update on proposed refinancing

 

Further to the update provided on 27 September 2023, Panther Securities PLC is
pleased to confirm that credit approval for the proposed refinancing of our
loan facilities has now been obtained from both of the joint-lenders.  The
new facility is to be for £68 million, split between a £55 million term loan
and a £13 million revolving facility (which gives the Company more
flexibility).  The new facility has been agreed for a four-year term (with a
further one-year option to extend), and the agreed terms show an improved
interest margin for the Company, relative to our current loan facility, with
similar covenants.

 

The Company expects to complete the new facility in the new year.  The
current loan facility expires in July 2024.

 

For further information:

Panther Securities
plc:
Tel: 01707 667 300

Andrew Perloff / Simon Peters

Allenby Capital Limited (Nomad and Joint
Broker)                                 Tel:
020 3328 5656

Alex Brearley / Piers Shimwell

 

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