Business
Loan Repayment and New Facility
Autins Group plc has repaid its outstanding £0.75 million loan facility with Maven Capital Partners and secured a new £1.0 million, four-year term loan facility with Maven via MEIF II. This new financing, along with the expected repayment of a CBILS obligation in July 2026, will provide the company with enhanced working capital flexibility to support its projected revenue growth. The company views this as a significant step that materially increases its balance sheet flexibility, enabling continued investment in the business and pursuit of profitable growth. Disclaimer*
About this update from Autins Group Plc
[{"type":"text","content":"\n\nAutins Group plc\n(\"Autins\", the \"Company\" or the \"Group\")\nLoan Repayment and New Facility\nAutins Group plc (AIM: AUTG), the UK and European-based manufacturer of its proprietary Neptune melt-blown material and specialist in acoustic and thermal insulation solutions, is pleased to provide an update on its financing arrangements.\nFurther to the Group's recent trading update, Autins confirms that it has now repaid the remaining £0.75 million balance of its existing loan facility with Maven Capital Partners that was originally entered into in 2020. The Group has also entered into a new £1.0 million 4 year term loan facility, also with Maven via MEIF II.\nThe new facility, together with the expected repayment of the Group's final CBILS obligation in July 2026, provides the Group with significant additional working capital funding flexibility to support its forecast revenue growth over the coming years.\nWe look forward to continue updating on our progress with our full year announcement.\nAndy Bloomer, Chief Executive Officer of Autins, commented:\n\"This is an important step forward for Autins. The repayment of the previous loan facility, combined with the new funding in place, materially increases our balance sheet flexibility.\nOur priorities are to continue investing in the business, supporting our customers, and delivering sustainable, profitable growth. The new financing arrangements will very much support us in achieving these objectives.\"\n \nFor further information please contact:\n\n\n\n\nAutins Group plc\nAndy Bloomer, Chief Executive\nAdam Attwood, Chairman\nDes Dimitrov, CFO\n \n\n\n \nVia Singer Capital Markets\n\n\n\n\nSinger Capital Markets\n(Nominated Adviser and Broker)\nPeter Steel\nSara Hale\nJames Todd\nAnastassiya Eley\n \n\n\nTel: 020 7496 3000\n\n\n\n\n \nAbout Autins\n \nAutins is a UK and continental Europe based industrial materials technology business that specialises in the design, manufacture, and supply of acoustic and thermal products. Its key markets are automotive, flooring, office furniture and commercial vehicles where it supplies products and services to more than 160 customer locations across Europe.\n Autins is the UK and European manufacturer of the proprietary Neptune melt-blown material an...