Finnance Package Agreed

RNS Number : 8416L

600 Group PLC

05 August 2011

 



The 600 Group PLC

Finance package signed with Santander Corporate Broking

The 600 Group PLC, (AIM: SIXH) the diversified engineering Company is pleased to announce that it has secured a £5 million financing package with Santander Corporate Banking.

The finance package will replace the current facility and provide the group with additional working capital to meet continued growth as well as facilitating the group's integration of its machine tool manufacturing facility in Poland. At the same time the company has moved its full banking facilities to Santander Corporate Banking.

David Norman, Chief Executive of The 600 Group PLC, said:  "This financing package provides us with a solid platform so that we are able to fulfil our growth ambitions as we continue to respond to a global increase in demand for our machine tool products.

Nick MacHugh, relationship director at Santander's Corporate Business Centre in Leeds, said: "At Santander Corporate Banking, we are committed to building long-term relationships with companies like The 600 Group and getting to know their business so that we are able find the right financing solutions for their individual needs and we are looking forward to a long working relationship."

-ENDS-

Enquiries:
The 600 Group PLC	Tel: [phone]
David Norman, Chief Executive
Martyn Wakeman, Finance Director
Cadogan PR Limited	Tel: [phone]
Alex Walters	Tel: [phone]
Emma Wigan
FinnCap	Tel: [phone]
Sarah Wharry
Ben Thompson
Santander	Tel: [phone]
Sarah Davies

 

END

 

 

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