Refinancing Update

 

TIDMTHG 
 
RNS Number : 8895C 
Terrace Hill Group PLC 
23 November 2009 
 

23 November 2009 
 
 
TERRACE HILL GROUP PLC 
("Terrace Hill" or the "Company") 
 
 
Refinancing Update 
 
 
Terrace Hill Group plc (AIM: THG), a leading UK property development and 
investment group, announces that it has completed the GBP39.3 million of 
refinancings which the Company announced it had agreed in principle within its 
interim results statement. 
 
 
GBP35.12 million of loans have been refinanced by a major European bank with a 
revised maturity of 30 September 2011.  The remaining portion consists of a 
loan for GBP4.14 million which has been refinanced to mature in March 2013. 
 
 
Commenting Philip Leech, Chief Executive of Terrace Hill, said: 
"These refinancings are very positive for the Company. They underline the 
strength of the relationships we have with our lending banks and their belief in 
both our business strategy and our assets." 
 
 
- Ends - 
 
 
For further information: 
Terrace Hill www.terracehill.co.uk 
Philip Leech, Chief ExecutiveTel: 020 7631 1666 
 
 
Oriel Securities Limited (NOMAD)     Tel: [phone] 
Richard Crawley 
 
 
Financial DynamicsTel: 020 7831 3113 
Richard Sunderland/Rachel [e-mail] 
 
 
 
 
 
 
Notes to editors: 
 
 
Terrace Hill Group PLC 
 
 
Terrace Hill is an AIM-listed property development and investment group with 
specialist commercial development and investment and residential investment 
divisions. 
 
 
Formed in 1986, the Company has offices in London, Teesside, Bristol and 
Glasgow, managing a commercial development programme, as well as commercial and 
residential investment portfolios. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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