Refinancing of Banking Facilities

RNS Number : 1518Q

NAHL Group PLC

08 September 2017

 

8 September 2017

NAHL Group PLC

("NAHL" or the "Group")

Refinancing of Banking Facilities

NAHL, the leading marketing and services business focused on the UK consumer legal market, is pleased to announce that it has entered into new, increased banking facilities with Yorkshire Bank (the "Facility").

The new Facility comprises a £25.0m Revolving Credit Facility ("RCF") which will be used to repay the current £9.4m Term Loan and replace the existing £5.0m RCF. The new Facility can be utilised for general business purposes, including working capital of the Group and the payment of dividends. The Facility will support the Group's long-term business strategy. The increased RCF meets the immediate needs of the Group as well as providing sufficient headroom to allow the business to invest for growth and to fund investment in cases in the Personal Injury division.

The Facility has a final maturity date of 31 December 2021.

For further information please call:

NAHL Group plc Russell Atkinson (CEO) Steve Dolton (CFO)	via FTI Consulting Tel: [phone]
Investec Bank plc (NOMAD & Broker) Garry Levin James Ireland David Flin David Anderson William Godfrey	Tel: [phone]
FTI Consulting (Financial PR) Oliver Winters Alex Beagley James Styles	Tel: [phone]

Notes to Editors

NAHL Group

NAHL Group plc is a leading UK consumer marketing business focused on the UK legal services market. The Group comprises three companies: National Accident Helpline (NAH), Fitzalan Partners (Fitzalan) and Bush & Company Rehabilitation (Bush). NAH provides outsourced marketing services in the personal injury market, Fitzalan, which includes Searches UK a leading conveyancing search provider, provides marketing services in the property market and Bush provides a range of specialist services in the catastrophic injury market.

More information is available at www.nahlgroupplc.co.uk and www.national-accident-helpline.co.uk.

 

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