3rd Sep 2018 11:57
LONDON (Alliance News) - Consumer finance company Non-Standard Finance PLC said on Monday it has completed GBP70 million of additional debt funding, taking the group total debt facilities to GBP330 million.
The additional facilities comprise an increase of GBP60 million to Non-Standard's existing term loan facility, provided by a group of institutional investors led by Alcentra Ltd.
The increased facility is on the same terms as the loan and at the same interest rate of LIBOR plus 725 basis points per year with interest payable every six months.
The additional GBP10 million increase in its existing revolving credit facility was provided by the Royal Bank of Scotland.
Shares in Non-Standard Finance were down 2.0% at 63.68 pence on Monday.
Related Shares:
NSF.LRBS.L