Nuevas Líneas de Deuda
29 de enero de 2024
seguridad plc
("Safestay", la "Empresa" o el "Grupo")
Successful Debt Refinancing Agreed With HSBC
Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, is pleased to announce, that it has refinanced its existing borrowings into a single £16 million Term Loan and added a new £2.5 million Revolving Credit Facility ("RCF") to support future growth plans. The new Term Loan and RCF are for 5 years and were provided by existing lender HSBC.
The Term Loan interest rates are £4.4 million at 3.955%, £10 million at SONIA but capped at 4.75% with a floor of 3% and £1.6 million at SONIA, all with an additional margin of 2.6%. The RCF has a rate of SONIA plus a margin of 2.85%. The Term Loan is repayable at £0.1 million per quarter from March 2025 together with a final payment at completion. Interest on both the Term Loan and RCF is payable quarterly from March 2024.
The Term Loan replaces the previous interest only £12,745,000 facility with HSBC and enables the repyament of the outstanding CBILS loan of £3 million which carried a signifcantly higher interest rate.
Larry Lipman, Chairman of Safestay, said "We are pleased to have completed this refinancing which increases the Group's overall funding capacity providing additional flexibility and enabling additional investment into the development and growth of our business. We are grateful to HSBC who continues to be a long-term and strong supporter of Safestay."
Consultas | |
seguridad plc | +44 0 20 8815 1600 |
Larry Lipman | |
Liberum Capital Limited | |
(Asesor designado y Broker) | +44 0 20 3100 2000 |
Andrew Godber/Edward Thomas / Josh Borlant | |
Novela | +44 0 20 3151 7008 |
tim robertson | |
Safia Colebrook |
Para más información visite nuestro:
Página web www.safestay.com
Página de Vox Markets https://www.voxmarkets.co.uk/company/SSTY/news/
página Instagram www.instagram.com/safestayhostels/
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.