05 October 2020
Distribution Finance Capital Holdings plc
("DF Capital" or the "Company" or together with its subsidiaries the " Group")
Wholesale Facility Update
Distribution Finance Capital Holdings plc, a niche lender providing working capital solutions to dealers and manufacturers across the UK, today confirms that it has agreed with its senior and senior mezzanine facility lenders (the "Lenders") a further extension to the existing temporary waiver until the facility expiry date of 12 December 2020, at which time the Company intends to support new business lending by raising retail deposits.
The Lenders are supportive of the Company's transition in funding strategy, following the Group's successful banking licence application as announced on 29 September 2020. The Lenders retain the right during the waiver period to review, on a monthly basis, the performance of the portfolio in line with the terms of the facility and previously granted waivers.
For further information contact:
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Distribution Finance Capital Holdings plc |
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Carl D'Ammassa - Chief Executive Officer |
+44 (0) 161 413 3391 |
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Kam Bansil - Head of Investor Relations |
+44 (0) 7779 229508 |
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Investec Bank plc (Nomad and Broker) |
+44 (0) 207 597 5970 |
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David Anderson Bruce Garrow Duncan Wilson |
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Blue Pool Communications (Financial PR) |
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Nick Lord |
+44 (0) 7501 271 083 |
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