NAHL Group PLC Renewal of Banking Facilities

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: [phone]
Allenby Capital (AIM Nominated Adviser & Broker) Jeremy Porter/Liz Kirchner (Corporate Finance) Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking)	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley Eleanor Purdon Amy Goldup	Tel: [phone]

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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