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New Bank Facility

31st Dec 2012 07:00

RNS Number : 5058U
Real Good Food Company Plc (The)
31 December 2012
 



The Real Good Food Company Plc (AIM: RGD)(the "Company")

 

 

Completion of New Bank Facility

 

The Company is pleased to announce that it has completed a new 5 year £50 million bank facility with its current financiers PNC Financial Services UK Ltd., ahead of the maturity of its existing facilities in July 2013. The new facility which, represents a £10 million increase on the existing facility, will run until December 2017 comprising, as now, of a mixture of revolving credit facilities secured on trade debtors and inventory and term loans secured on the fixed assets of the business.

Pieter Totté, Executive Chairman, comments:

 

"I am extremely pleased we have been able to extend our relationship with PNC who have always been supportive of the Group and have demonstrated their continued commitment by providing the facilities we need to help deliver our ambitions."

 

ENQUIRIES:

 

Real Good Food

Pieter Totté, Chairman

Tel: 020 3056 1516

Mike McDonough, Finance Director

Tel: 0151 706 8200

Shore Capital & Corporate

Tel: 020 7408 4090

Stephane Auton / Patrick Castle

Cubitt Consulting

Tel: 020 7367 5100

Gareth David

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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