Panther Securities PLC
3 December 1999
Panther Securities PLC announces that it has completed a new
secured seven year loan agreement with HSBC Bank plc of
£25,000,000 on a portfolio of 50 properties. The facility
is at a lower margin over LIBOR that on all previous
borrowing facilities.
The new loan has been utilised to repay all existing loans,
with the exception of a loan within the recently acquired
Northstar Group of Companies. After repayment and costs,
the Panther Group has approximately £7,500,000 of cash
balances.
Enquiries:
Panther Securities PLC 0207 278 8011
Andrew Perloff