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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Telford Homes Plc | LSE:TEF | London | Ordinary Share | GB0031022154 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 349.50 | 349.50 | 350.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTEF
RNS Number : 6719Z
Telford Homes PLC
18 December 2017
18 December 2017
Telford Homes Plc
('Telford Homes', the 'Company', or the 'Group')
New GBP210 million corporate loan facility
Telford Homes Plc (AIM: TEF), the London focused residential property developer, is pleased to announce that it has signed a new GBP210 million corporate loan facility to support the Group's growth plans.
This GBP210 million revolving credit facility, which extends to December 2022, is being provided by the Group's existing banking partners RBS, HSBC, Santander and Allied Irish Bank. Telford Homes also has the flexibility to increase the facility at a later date by requesting to utilise an additional GBP30 million accordion tranche. This enlarged longer term facility replaces the existing GBP180 million loan facility that was due to expire in March 2019 and has been secured at a lower rate of interest thereby reducing the Group's cost of debt.
Katie Rogers, Group Financial Director of Telford Homes Plc, said: "I am delighted to announce the successful negotiation of a new GBP210 million corporate loan facility. The longer tenure and additional funding will give the Group further flexibility on site purchases and development capital allowing Telford Homes to continue to grow. This new facility demonstrates our banks' continued confidence in the Group and our strategy."
- Ends -
For more information contact:
Hot Features
Premium
Telford Homes Plc Tel: +44 (0) 1992 809
800
Jon Di-Stefano, Chief Executive www.telfordhomes.london
Katie Rogers, Financial
Director
Guy Lambert, Head of Corporate
Communications
Shore Capital (NOMAD and Tel: +44 (0) 20 7408
Joint Broker) 4090
Dru Danford / Patrick Castle
Peel Hunt LLP (Joint Broker) Tel: +44 (0) 20 7418
8900
Charles Batten / Capel Irwin
Media enquiries:
Buchanan (PR adviser) Tel: +44 (0) 20 7466
Henry Harrison-Topham / 5000
Victoria Hayns / Steph Watson telfordhomes@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
IODZMMMZFRMGNZM
(END) Dow Jones Newswires
December 18, 2017 08:22 ET (13:22 GMT)
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