NAHL Group PLC Refinancing of Banking Facilities (1518Q)
September 08 2017 - 1:00AM
UK Regulatory
TIDMNAH
RNS Number : 1518Q
NAHL Group PLC
08 September 2017
8 September 2017
NAHL Group PLC
("NAHL" or the "Group")
Refinancing of Banking Facilities
NAHL, the leading marketing and services business focused on the
UK consumer legal market, is pleased to announce that it has
entered into new, increased banking facilities with Yorkshire Bank
(the "Facility").
The new Facility comprises a GBP25.0m Revolving Credit Facility
("RCF") which will be used to repay the current GBP9.4m Term Loan
and replace the existing GBP5.0m RCF. The new Facility can be
utilised for general business purposes, including working capital
of the Group and the payment of dividends. The Facility will
support the Group's long-term business strategy. The increased RCF
meets the immediate needs of the Group as well as providing
sufficient headroom to allow the business to invest for growth and
to fund investment in cases in the Personal Injury division.
The Facility has a final maturity date of 31 December 2021.
For further information please call:
NAHL Group plc via FTI Consulting
Russell Atkinson (CEO) Tel: +44 (0) 20
Steve Dolton (CFO) 3727 1000
Investec Bank plc (NOMAD Tel: +44 (0) 20
& Broker) 7597 5970
Garry Levin
James Ireland
David Flin
David Anderson
William Godfrey
FTI Consulting (Financial Tel: +44 (0) 20
PR) 3727 1000
Oliver Winters
Alex Beagley
James Styles
Notes to Editors
NAHL Group
NAHL Group plc is a leading UK consumer marketing business
focused on the UK legal services market. The Group comprises three
companies: National Accident Helpline (NAH), Fitzalan Partners
(Fitzalan) and Bush & Company Rehabilitation (Bush). NAH
provides outsourced marketing services in the personal injury
market, Fitzalan, which includes Searches UK a leading conveyancing
search provider, provides marketing services in the property market
and Bush provides a range of specialist services in the
catastrophic injury market.
More information is available at www.nahlgroupplc.co.uk and
www.national-accident-helpline.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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