Wholesale Facility Update

RNS Number : 0267B

Distribution Finance Cap. Hldgs PLC

04 October 2020

 

05 October 2020

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" or together with its subsidiaries the " Group")

Wholesale Facility Update

Distribution Finance Capital Holdings plc, a niche lender providing working capital solutions to dealers and manufacturers across the UK, today confirms that it has agreed with its senior and senior mezzanine facility lenders (the "Lenders") a further extension to the existing temporary waiver until the facility expiry date of 12 December 2020, at which time the Company intends to support new business lending by raising retail deposits.

The Lenders are supportive of the Company's transition in funding strategy, following the Group's successful banking licence application as announced on 29 September 2020. The Lenders retain the right during the waiver period to review, on a monthly basis, the performance of the portfolio in line with the terms of the facility and previously granted waivers.

For further information contact:

Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer	[phone]
Kam Bansil - Head of Investor Relations	[phone]
http://www.dfcapital-investors.com
Investec Bank plc (Nomad and Broker)	[phone]
David Anderson Bruce Garrow Duncan Wilson
Blue Pool Communications (Financial PR)
Nick Lord		[phone]

 

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