24th Jan 2019 16:00
LONDON (Alliance News) - BCA Marketplace PLC on Thursday said its GBP500 million multi-currency financing facility will now run until February 2022.
The used vehicle marketplace's GBP500 million facility was announced in 2017 and had an initial four-year term with an optional 12 month extension.
BCA has now exercised the extension option on this facility, which consists of a GBP250 million term loan and a GBP250 million revolving credit facility, so that it now runs until 2022.
No further details on the terms of the loan, or on the lenders, were disclosed at that time and these were not disclosed in Thursday's announcement either.
Shares in BCA were down 2.7% at 200.50 pence on Thursday.
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