RNS Number : 2102K
Preston North End PLC
16 December 2008
Preston North End plc
("Preston North End" or the "Company")
Loan Agreements
Further to the announcement made on 3 December 2008, the Company confirms today that it has drawn down a further £900,000 pursuant to
the terms of the loan agreements made between the Company and (i) the Friends of Preston North End Limited and (ii) Guild Ventures Limited
(the "Lenders") (the "Loans").
In this instance, Guild Ventures Limited have advanced the whole amount of £900,000.
As set out in the announcement of 14 November 2008, the Loans accrue interest from the date of drawdown to the date of repayment at a
rate of LIBOR plus 3% and have a repayment date of January 2010.
The Loans will be used by the Company to fund ongoing working capital requirements.
The total amount that has been advanced by the Friends of Preston North End Limited and Guild Ventures Limited to the Company to date
now totals £8.3million.
For further information please contact:
Kevin Abbott, Preston North End plc Tel: 0870 442 1964
David Youngman, WH Ireland Limited Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
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