New Debt Facility

RNS Number : 9869F

S & U PLC

01 May 2014

 



1st May 2014

S&U PLC ("S&U" or "the Company")

New Debt Facility

S&U, Britain's foremost niche home credit and motor finance provider, is pleased to announce that it has entered into a new £30m 7 year debt facility to be provided by M&G Investments.  The facility will be drawn down in tranches of £15m now and £15m in 6 months.

Anthony Coombs, Chairman commented; "We are delighted to have secured new funds from M&G Investments on attractive terms to grow our loan book.  As usual we will be updating the market in our IMS on the 20th May 2014."

For further information, please contact:

Anthony Coombs, Chairman             0121 705 7777

Arden Partners plc - Broker and Financial Adviser

Adrian Trimmings                                  020 7614 5920

Smithfield - Media and Investor Relations

Will Swan                                                  020 7903 0647

 

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