Extension of bank facilities

RNS Number : 3250P

Redcentric PLC

09 June 2020

 

Redcentric plc

("Redcentric" or the "Company")

Extension of bank facilities

Redcentric plc (AIM: RCN), a leading UK IT managed services provider, is pleased to announce that it has extended its bank funding facilities until 30 June 2022. The extended facilities comprise a £17.5 million revolving credit facility ("RCF"), with a £20 million accordion and a £5 million asset financing facility. The RCF is provided jointly by Barclays Bank PLC and National Westminster Bank plc with Lombard Technology providing the asset financing facility.

Peter Brotherton, Chief Executive Officer, commented:

"We are pleased to have extended our relationship and facilities with our long-standing finance partners into 2022 and with the continued support we have received from them."

Enquiries:

Redcentric plc    [phone]   

Peter Brotherton, Chief Executive Officer 

David Senior, Chief Financial Officer   

finnCap Ltd - Nomad and Broker                                                                   [phone]

Marc Milmo / Simon Hicks (Corporate Finance)

Andrew Burdis / Sunila de Silva (ECM) 

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