Sutton Harbour Group PLC Bank Facility Extension

RNS Number : 7278Z

Sutton Harbour Group PLC

08 August 2024

 

8 August 2024       

 

Sutton Harbour Group plc

("Sutton Harbour" or the "Company")

 Bank Facility Extension

The Company is pleased to announce that, on 7 August 2024, it completed and entered into a new credit facility agreement (the "Facility") with its existing bankers, National Westminster Bank plc (the "Bank"). The Facility, for a total funding of £21.7m which has been fully drawn to replace the existing facility, extends the Company's arrangements by 24 months to 30 December 2026, on terms no less favourable than the pre-existing facility with the Bank.  

 

For further information, please contact: 

Sutton Harbour Group plc Philip Beinhaker - Executive Chairman Corey Beinhaker - Chief Operating Officer Natasha Gadsdon - Finance Director	[phone]
Strand Hanson Limited (Nominated & Financial Adviser and Broker) James Dance Richard Johnson	[phone]

 

Notes to Editors

Sutton Harbour Group plc (SUH) is an AIM quoted company specialising in marine operations, waterfront regeneration and destination creation in Plymouth and Southwest England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed-use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.

Sutton Harbour Group plc is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.

 

 

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