Business
Renewal of Banking Facilities
Renewal of Banking Facilities.
About this update from Nahl Group Plc
8 March 2024 NAHL Group PLC ("NAHL" or the "Group") Renewal of Banking Facilities NAHL (AIM: NAH), a leading marketing and services business focused on the UK consumer legal market is pleased to confirm that it has renewed its banking facilities with Clydesdale Bank/Virgin Money. The term of the Revolving Credit Facility (RCF), which was set to expire on 31 December 2024, has been successfully extended to 31 December 2025 and the limit on the facility has been reduced by £5m to £15m, in line with the Group's medium-term plans and the 27% reduction in net debt to £9.7m at 31 December 2023 (31 December 2022: £13.3m). The interest rate on the facility remains at 2.25% above SONIA. ENDS For further information: NAHL Group PLC James Saralis (CEO) Chris Higham (CFO) via FTI Consulting Tel: +44 (0) 20 3727 1000 Allenby Capital (AIM Nominated Adviser & Broker) Jeremy Porter/Liz Kirchner (Corporate Finance) Amrit Nahal/Stefano Aquilino (Sales & Corporate Broking) Tel: +44 (0 ) 207 220 0500 FTI Consulting (Financial PR) Alex Beagley Eleanor Purdon Amy Goldup Tel: +44 (0) 20 3727 1000 Notes to Editors NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market. The Group provides services and products to individuals and businesses through its two divisions: · Consumer Legal Services provides outsourced marketing services to law firms through National Accident Helpline; and claims processing services to individuals through National Accident Law, Law Together and Your Law. In addition, it also provides property searches through Searches UK. · Critical Care provides a range of specialist services in the catastrophic and serious injury market to both claimants and defendants through Bush & Co. More information is available at www.nahlgroupplc.co.uk , www.national-accident-helpline.co.uk , www.national-accident-law.co.uk and www.bushco.co.uk .