REG - Staffline Group PLC - Completion of Debt Refinancing

StafflineAnnouncement

10/06/2021 15:30

RNS Number : 5396B
  
Staffline Group PLC
  
10 June 2021
  
 

10 June 2021
Staffline Group plc
("Staffline", the "Company" or the "Group")
Completion of Debt Refinancing
Staffline, the recruitment and training group, is pleased to confirm that following receipt of the proceeds of the Fundraise, the Debt Refinancing has completed.  The new £90m receivables finance facility, plus £15m accordion option is being provided by RBS Invoice Finance Limited, ABN AMRO Asset Based Finance N.V., UK Branch and Leumi ABL Limited.
Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 21 May 2021.
Enquiries:
 



 Staffline Group plc
www.stafflinegroupplc.co.uk
Albert Ellis, Chief Executive Officer
Daniel Quint, Chief Financial Officer


via Vigo Consulting














Liberum (Nominated Adviser and Broker)
www.liberum.com
Bidhi Bhoma / Richard Lindley / William Hall / Christopher Whitaker


020 3100 2222














Vigo Consulting (Financial PR)
www.vigoconsulting.com
Jeremy Garcia / Antonia Pollock


020 7390 0230
staffline@vigoconsulting.com
 



 
Market Abuse Regulation:
For the purposes of MAR, Article 2 of Commission Implementing Regulation (EU) 2016/1055 and the UK version of such implementing regulation, the person responsible for arranging for the release of this Announcement on behalf of the Company is Daniel Quint, Chief Financial Officer
About Staffline - Recruitment, Training and Support 
Enabling the Future of Work™
Staffline is the UK's market leading Recruitment and Training group. It has three divisions:
 Recruitment GB
Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.
Recruitment Ireland 
The recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.
PeoplePlus Division
Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.

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