7th Jun 2016 10:55
LONDON (Alliance News) - Restaurant operator Tasty PLC Tuesday said it has renewed and extended its debt facility with Barclays Bank PLC.
The amended facility is for GBP12 million, including a GBP5 million revolving bank facility and a GBP7 million term loan available to the company for 5 years.
This extended facility provides it with an additional finance stream, Tasty said, in addition to its existing cash resources. This will allow for the continued expansion of its restaurant estate, Tasty said. Tasty owns the Wildwood and Dim T restaurant chains.
Shares in Tasty were up 0.8% at 177.85 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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