Sanctuary Capital PLC Sanctuary provides GBP50m secured loan to Swan (9525G)

TIDM71WG

RNS Number : 9525G

Sanctuary Capital PLC

18 November 2022

Sanctuary provides GBP50m secured loan to Swan

Sanctuary has provided a GBP50m secured loan to Swan Housing Association.

The loan from Sanctuary Affordable Housing Limited refinances the secured loan previously advanced by Orbit Group during partnership discussions between the two housing associations. The loan also provides additional liquidity into Swan.

Sanctuary is currently in discussions with Swan about a possible business combination that, if completed, would result in Swan becoming a subsidiary of Sanctuary on 30 November 2022.

Any future agreement regarding a possible business combination will be subject to the ongoing due diligence and the approval of the boards of both organisations.

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCXVLFFLFLXFBB

(END) Dow Jones Newswires

November 18, 2022 08:31 ET (13:31 GMT)