Amended debt facility

RNS Number : 0345W

TLA Worldwide PLC

09 November 2017

 

9 November 2017

TLA Worldwide plc

("TLA" or "the Group")

Amended debt facility

TLA Worldwide plc (AIM: TLA), a leading athlete representation and sports marketing business, is pleased to announce that it has agreed a renewed senior debt facility for $28.75 million with its principal lender, SunTrust Bank, who continue to be supportive of the Group and its future plans.  The facilities comprise an amortising term loan and revolving credit facility. The facility includes an amended set of covenants such that the Group is fully compliant with its facilities.

Enquiries:

TLA Worldwide
Bart Campbell, Executive Chairman Michael Principe, Chief Executive Officer	[phone]
Numis Securities
Nick Westlake and Oliver Hardy (Nomad)	[phone]
Christopher Wilkinson (Broker)
Luther Pendragon
Harry Chathli, Alexis Gore	[phone]

 

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