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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 |
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:
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
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(END) Dow Jones Newswires
December 18, 2017 08:22 ET (13:22 GMT)
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