Completion of Debt Refinancing

RNS Number : 5396B

Staffline Group PLC

10 June 2021

 

10 June 2021

Staffline Group plc

("Staffline", the "Company" or the "Group")

Completion of Debt Refinancing

Staffline, the recruitment and training group, is pleased to confirm that following receipt of the proceeds of the Fundraise, the Debt Refinancing has completed.  The new £90m receivables finance facility, plus £15m accordion option is being provided by RBS Invoice Finance Limited, ABN AMRO Asset Based Finance N.V., UK Branch and Leumi ABL Limited.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 21 May 2021 .

Enquiries:

Staffline Group plc www.stafflinegroupplc.co.uk Albert Ellis, Chief Executive Officer Daniel Quint, Chief Financial Officer	via Vigo Consulting
Liberum  (Nominated Adviser and Broker) www.liberum.com Bidhi Bhoma / Richard Lindley / William Hall / Christopher Whitaker	020 3100 2222
Vigo Consulting ( Financial PR) www.vigoconsulting.com Jeremy Garcia / Antonia Pollock	020 7390 0230 [e-mail]

Market Abuse Regulation:

For the purposes of MAR, Article 2 of Commission Implementing Regulation (EU) 2016/1055 and the UK version of such implementing regulation, the person responsible for arranging for the release of this Announcement on behalf of the Company is Daniel Quint, Chief Financial Officer

About Staffline - Recruitment, Training and Support  

Enabling the Future of Work™

Staffline is the UK's market leading Recruitment and Training group. It has three divisions:

 Recruitment GB

Staffline is the UK's leading provider of flexible blue-collar workers, supplying approximately 40,000 staff per day on average to around 450 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.

Recruitment Ireland 

The recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations, fifteen onsite customer locations and offering RPO, MSP, temporary and permanent solutions across the island of Ireland.

PeoplePlus Division

Staffline is the leading adult skills and training provider in the UK, delivering adult education, prison education and skills-based employability programmes across the country.

 

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