5th Jun 2023 14:56
IG Design Group PLC - Newport Pagnell, England-based designer and manufacturer of celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partywares - Negotiates a three-year refinancing of its lending facilities with HSBC Holdings PLC and NatWest Group PLC for USD125 million. Company also extends its overdraft facility with HSBC. The new facility replaces its previous revolving credit facilities agreed in 2019. Says the facility provides "more than sufficient" headroom to fund its working capital needs over the three years.
Current stock price: 143.75 pence, up 11% in London on Monday afternoon
12-month change: more than double from 61.20p
By Heather Rydings, Alliance News senior economics reporter
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Design GroupHSBC HoldingsNatwest