Business
New Banking Facility
New Banking Facility.
About this update from Stv Group Plc
[{"type":"text","content":"\n SMG PLC\n30 November 2007\n\n\nNew Banking Facility\n\nThe Board confirms today that SMG has agreed a new 5-year £90million loan\nfacility, on standard banking terms, with HBOS. This follows the Board's\nannouncement on the 6th November, in connection with SMG's Rights Issue. SMG\nexpects to repay all of its existing debt on completion of the Rights Issue on\n18 December 2007, following which the new facility will constitute the entirety\nof SMG's borrowing.\n\n\nFurther Enquiries:\n\nSMG plc\nGeorge Watt, Chief Financial Officer\nTel: 020 7882 1199\n\nBrunswick Group LLP\nSimon Sporborg / Ash Spiegelberg\nTel: 020 7404 5959\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":783,"tagName":"div"}]