Business
New Credit Facility
New Credit Facility.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n \nRNS Number : 3460S GLI Finance Limited 17 March 2016 \n\n17 March 2016\nGLI Finance Limited\nNew Credit Facility\nThe Board of Directors is pleased to confirm, as announced on 16 February 2016, that it has repaid the existing £30m Sancus loan facility and has entered into a new loan for £14.86m with a term of 1 year at a reduced interest rate of 8.75% (previously 11%). It is the intention of the Directors to refinance this new loan prior to maturity.\n \n \nEnquiries\nGLI Finance Limited\nAndy Whelan\n+44 (0)1534 708900\n \nPanmure Gordon (Nominated Adviser and Corporate Broker)\nDominic Morley\n+44 (0)20 7886 2954\nPeter Steel\n+44 (0)113 357 1152\nTom Salvesen\n+44 (0)20 7886 2904\n \nInstinctif Partners (PR Advisor)\nTim Linacre\n+44 (0)207 457 2020\n \n \nAbout GLI Finance\nGLI Finance (www.glifinance.com) is a specialist provider of finance to small and medium sized enterprises. Its ordinary shares are quoted on the AIM and its issued zero dividend preference shares are listed and traded on the main market of the London Stock Exchange (ticker GLIF (Ord) and GLIZ (2019 ZDP)). The loans are provided to SMEs through a variety of finance platforms in which GLI Finance has an equity stake.\nThe platforms in which GLI Finance is invested vary by geography, industry, size of lending and by type of lending. They include global trade finance, UK and US SME lending, offshore lending, UK invoice discounting, European invoice discounting, supply chain finance and UK property-backed lending.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUWPWUPQGQQ\n ","length":3036,"tagName":"div"}]