Springfield has issued a second COVID-19 update, confirming a significant £18m extension to its credit facility with Bank of Scotland. The additional term loan increases the total facility to £85m and has been agreed on similar terms to the existing facility. A number of stress tests have been carried out, concluding that the Group remains in a strong financial position with the ability to operate within its new facilities even in the event of a highly unlikely full year shutdown
27 Apr 2020
Further COVID-19 Update – £18m extension to facilities
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Further COVID-19 Update – £18m extension to facilities
Springfield Properties PLC (SPR:LON) | 95.0 -3.3 (-3.6%) | Mkt Cap: 112.7m
- Published:
27 Apr 2020 -
Author:
James Tetley -
Pages:
3
Springfield has issued a second COVID-19 update, confirming a significant £18m extension to its credit facility with Bank of Scotland. The additional term loan increases the total facility to £85m and has been agreed on similar terms to the existing facility. A number of stress tests have been carried out, concluding that the Group remains in a strong financial position with the ability to operate within its new facilities even in the event of a highly unlikely full year shutdown