Sutton Harbour Group PLC Bank Facility Extension
August 08 2024 - 3:45AM
RNS Regulatory News
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
Philip Beinhaker - Executive Chairman
Corey Beinhaker - Chief Operating Officer
Natasha Gadsdon - Finance Director
|
+44 (0) 1752 204186
|
Strand Hanson
Limited
(Nominated & Financial Adviser and Broker)
James Dance
Richard Johnson
|
+44 (0) 20 7409 3494
|
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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END
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