NAHL Group PLC Renewal of Banking Facilities
March 08 2024 - 2:00AM
RNS Regulatory News
RNS Number : 0746G
NAHL Group PLC
08 March 2024
8
March 2024
NAHL Group
PLC
("NAHL"
or the "Group")
Renewal of Banking
Facilities
NAHL (AIM: NAH), a leading marketing
and services business focused on the UK consumer legal market is
pleased to confirm that it has renewed its banking facilities with
Clydesdale Bank/Virgin Money.
The term of the Revolving Credit
Facility (RCF), which was set to expire on 31 December 2024, has
been successfully extended to 31 December 2025 and the limit on the
facility has been reduced by £5m to £15m, in line with the Group's
medium-term plans and the 27% reduction in net debt to £9.7m at 31
December 2023 (31 December 2022: £13.3m). The interest rate on the
facility remains at 2.25% above SONIA.
ENDS
For
further information:
|
NAHL
Group PLC
James Saralis (CEO)
Chris Higham (CFO)
|
via
FTI Consulting
Tel: +44 (0) 20 3727 1000
|
|
Allenby Capital (AIM Nominated Adviser &
Broker)
Jeremy Porter/Liz Kirchner (Corporate
Finance)
Amrit Nahal/Stefano Aquilino (Sales
& Corporate Broking)
|
Tel: +44 (0) 207 220 0500
|
|
FTI
Consulting (Financial PR)
Alex Beagley
Eleanor Purdon
Amy Goldup
|
Tel: +44 (0) 20 3727 1000
|
Notes to Editors
NAHL Group plc (AIM: NAH) is a
leader in the Consumer Legal Services market. The Group provides
services and products to individuals and businesses through its two
divisions:
· Consumer Legal
Services provides outsourced
marketing services to law firms through National Accident Helpline;
and claims processing services to individuals through National
Accident Law, Law Together and Your Law. In addition, it also
provides property searches through Searches UK.
· Critical
Care provides a range of
specialist services in the catastrophic and serious injury market
to both claimants and defendants through Bush & Co.
More information is available
at www.nahlgroupplc.co.uk, www.national-accident-helpline.co.uk,
www.national-accident-law.co.uk
and www.bushco.co.uk.
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END
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