LONDON-- Paragon Group Of Companies PLC (PAG.LN), a mortgage and loans company, said Monday it has extended and increased its warehouse facility with Macquarie Bank.

MAIN FACTS:

-Renewal of its mortgage warehouse facility with Macquarie Bank Limited, with an increase in the facility to 250 million pounds from GBP200 million.

-Will be available until Dec. 13 2016 to Paragon Fourth Funding Limited, a 100% owned subsidiary of Paragon and interest will be charged on the amount drawn at an unchanged rate of three month LIBOR plus 2.875%.

-Paragon uses warehouse facilities to originate and aggregate mortgage loans, where they are held for a limited period prior to long-term funding in the mortgage backed securitisation markets.

-Paragon recently completed its latest securitisation, PM17, amounting to GBP200 million.

-This extension and increase in the loan facility means that the total warehouse capacity within the Group is now GBP450 million and supports its growth plans in the buy-to-let market.

-Shares at closed Friday at 247 pence, valuing the company at GBP743.59 million.

-Write to Mark Shapland at mark.shapland@dowjones.com

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