Tasty PLC

Agreement of New Debt Facility

RNS Number : 4457A
Tasty PLC
07 June 2016
 

Tasty plc

(the "Company" or the "Group")

 

Agreement of New Debt Facility

 

Tasty is pleased to announce that it has renewed and extended its existing facility. The amended facility is for £12million, consisting of a £5million revolving bank facility and a £7million term loan. Both the revolving facility and the term loan are available to the Company for 5 years. The debt provider is Barclays Bank plc.

The extended facility provides an additional finance stream, in addition to the Company's existing cash resources, to allow continued expansion of the Company's restaurant estate.

7 June 2016

 

Enquiries

 

Tasty plc                                                               Tel: 020 7637 1166

Jonny Plant, Chief Executive

 

Cenkos Securities                                               Tel: 020 7397 8927

Bobbie Hilliam

Harry Pardoe

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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