Business
Extension of bank facilities
Extension of bank facilities.
About this update from Redcentric Plc
[{"type":"text","content":"\n \n \n RNS Number : 3250P\n Redcentric PLC\n 09 June 2020\n \n \n \n Redcentric plc\n (\"Redcentric\" or the \"Company\")\n \n Extension of bank facilities\n 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.\n Peter Brotherton, Chief Executive Officer, commented:\n \"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.\"\n \n Enquiries:\n \n Redcentric plc +44 (0)800 983 2522 \n Peter Brotherton, Chief Executive Officer \n David Senior, Chief Financial Officer \n \n finnCap Ltd - Nomad and Broker +44 (0)20 7220 0500\n Marc Milmo / Simon Hicks (Corporate Finance)\n Andrew Burdis / Sunila de Silva (ECM) \n END\n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.\n END\n \n CIRKKFBQKBKBCAK\n ","length":2701,"tagName":"div"}]