Repayment of TruFin plc Loan
21 October 2020
Distribution Finance Capital Holdings plc
("DF Capital" or the "Company" together with its subsidiaries the "Group")
Repayment of TruFin plc loan
Distribution Finance Capital Holdings plc, a newly authorised bank providing working capital solutions to dealers and manufacturers across the UK, today announces that it has mutually agreed with TruFin plc to fully repay, on 4 January 2021, an outstanding loan, pursuant to the unsecured loan agreed between the Group and TruFin dated 29 May 2018 (and subsequently amended on 11 April 2019 and 14 August 2020), when DF Capital was a subsidiary of TruFin.
The final loan repayment falls in line with the amendments agreed and announced on 14 August 2020.
Since receiving full regulatory authorisation as a bank in September 2020, the Group has launched a number of personal retail deposit products which have been well received by the market, providing a new attractively priced source of funding for the Group.
For further information contact:
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Distribution Finance Capital Holdings plc |
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Carl D'Ammassa - Chief Executive Officer |
+44 (0) 161 413 3391 |
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Kam Bansil - Head of Investor Relations |
+44 (0) 7779 229508 |
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Investec Bank plc (Nomad and Broker) |
+44 (0) 207 597 5970 |
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David Anderson Bruce Garrow Duncan Wilson |
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Blue Pool Communications (Financial PR) |
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Nick Lord |
+44 (0) 7501 271 083 |
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