REG - Sutton Harbour Grp - Bank Facility Extension

Sutton HarbourAnnouncement

08/08/2024 09:45

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RNS Number : 7278Z  Sutton Harbour Group PLC  08 August 2024

8 August 2024

 

Sutton Harbour Group plc

("Sutton Harbour" or the "Company")

 Bank Facility Extension

The Company is pleased to announce that, on 7 August 2024, it completed and
entered into a new credit facility agreement (the "Facility") with its
existing bankers, National Westminster Bank plc (the "Bank"). The Facility,
for a total funding of £21.7m which has been fully drawn to replace the
existing facility, extends the Company's arrangements by 24 months to 30
December 2026, on terms no less favourable than the pre-existing facility with
the Bank.

 

For further information, please contact:

 Sutton Harbour Group plc                         +44 (0) 1752 204186

 Philip Beinhaker - Executive Chairman

 Corey Beinhaker - Chief Operating Officer

 Natasha Gadsdon - Finance Director
 Strand Hanson Limited                            +44 (0) 20 7409 3494

 (Nominated & Financial Adviser and Broker)

 James Dance

 Richard Johnson

 

Notes to Editors

Sutton Harbour Group plc (SUH) is an AIM quoted company specialising in marine
operations, waterfront regeneration and destination creation in Plymouth and
Southwest England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth
Fisheries. Operational activities include mixed-use lettings, car parking and
support services to harbour users, property management and regeneration and
asset enhancement.

Sutton Harbour Group plc is committed to being the leading marine and
waterfront regeneration specialist in Southern England, and to positioning
Sutton Harbour in Plymouth as a destination of national interest.

 

 

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