Revolving Credit facility with HSBC

RNS Number : 0825U

Inland Homes PLC

27 March 2019

 

27 March 2019

Inland Homes plc

Revolving Credit facility with HSBC

Inland Homes (AIM: INL) ("Inland Homes", the "Group" or the "Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, is pleased to confirm that the Group has entered into a revolving credit facility ("RCF") of £65 million which includes an accordion of £20 million.  The RCF replaces the £20 million facility from Barclays Bank and is for a term of four years on improved terms.

Stephen Wicks, Chief Executive, commented:

"We are very pleased to have secured this revolving credit facility from HSBC for our expanding house building activity.  The new facility is more efficient and on better terms than the one it replaces and we look forward to working with HSBC."

Enquiries:

Inland Homes plc:	Tel: [phone]
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited	Tel: [phone]
Dominic Morley Erik Anderson
Instinctif Partners	Tel: [phone]
Mark Garraway James Gray

Notes to Editors:

Incorporated in the UK in 2005, Inland Homes plc is an AIM listed specialist housebuilder and brownfield developer, dedicated to achieving excellence in sustainability and design.

Inland Homes acquires brownfield land in the South and South-East of England principally for residentially led development schemes. The business then enhances the land value by obtaining planning permission, before building open market and affordable homes or selling surplus consented land to other developers to generate cash.

The Company is committed to extensive public and community consultation in order to ensure that, where possible, local community needs and objectives are met.

Inland's aim is to create sustainable communities and homes which set a benchmark for all future developments in the South and South East of England. The Company is always looking for brownfield sites without planning permission for future development.

For further information, please visit the Inland Homes website at www.inlandhomes.co.uk.

Hugg Homes - www.hugghomes.co.uk

Rosewood Housing - www.rosewoodhousing.co.uk

 

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