Business
Bank Facility Extension
Bank Facility Extension.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n\n8 August 2024 \n \nSutton Harbour Group plc\n(\"Sutton Harbour\" or the \"Company\")\n Bank Facility Extension\nThe Company is pleased to announce that, on 7 August 2024, it completed and entered into a new credit facility agreement (the \"Facility\") with its existing bankers, National Westminster Bank plc (the \"Bank\"). The Facility, for a total funding of £21.7m which has been fully drawn to replace the existing facility, extends the Company's arrangements by 24 months to 30 December 2026, on terms no less favourable than the pre-existing facility with the Bank. \n \nFor further information, please contact: \n\n\n\n\n\nSutton Harbour Group plc\nPhilip Beinhaker - Executive Chairman\nCorey Beinhaker - Chief Operating Officer\nNatasha Gadsdon - Finance Director\n\n\n+44 (0) 1752 204186\n\n\n\n\nStrand Hanson Limited\n(Nominated & Financial Adviser and Broker)\nJames Dance\nRichard Johnson \n\n\n+44 (0) 20 7409 3494\n\n\n\n\n\n \nNotes to Editors\nSutton Harbour Group plc (SUH) is an AIM quoted company specialising in marine operations, waterfront regeneration and destination creation in Plymouth and Southwest England.\nThe Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed-use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.\nSutton Harbour Group plc is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.\n \n \n\n","length":3002,"tagName":"div"}]