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Name | Symbol | Market | Type |
---|---|---|---|
Swan Housing 48 | LSE:61HI | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.645 | 0 | 00:00:00 |
TIDM61HI
RNS Number : 9524G
Swan Housing Capital
18 November 2022
Swan Housing Capital plc
18 November 2022
Swan receives GBP50m secured loan from Sanctuary
Swan Housing Association has today confirmed that Sanctuary Affordable Housing Limited (a member of the Sanctuary group) has provided it with a secured loan of GBP50m.
The loan 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.
Swan is currently in discussions with Sanctuary Housing Association 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 will be subject to detailed due diligence and the approval of the boards of both organisations.
ENDS//
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(END) Dow Jones Newswires
November 18, 2022 08:31 ET (13:31 GMT)
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