New Bank Facility

RNS Number : 5058U

Real Good Food Company Plc (The)

31 December 2012

 



The Real Good Food Company Plc (AIM: RGD)
(the "Company")

Completion of New Bank Facility

The Company is pleased to announce that it has completed a new 5 year £50 million bank facility with its current financiers PNC Financial Services UK Ltd., ahead of the maturity of its existing facilities in July 2013.  The new facility which, represents a £10 million increase on the existing facility, will run until December 2017 comprising, as now, of a mixture of revolving credit facilities secured on trade debtors and inventory and term loans secured on the fixed assets of the business.

Pieter Totté, Executive Chairman, comments:

"I am extremely pleased we have been able to extend our relationship with PNC who have always been supportive of the Group and have demonstrated their continued commitment by providing the facilities we need to help deliver our ambitions."

ENQUIRIES:

Real Good Food
Pieter Totté, Chairman	Tel: [phone]
Mike McDonough, Finance Director	Tel: [phone]
Shore Capital & Corporate	Tel: [phone]
Stephane Auton / Patrick Castle
Cubitt Consulting	Tel: [phone]
Gareth David

 

END

 

 

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