Scotland’s only quoted housebuilder has agreed an additional term loan, on similar terms to its existing facility and which the Board estimates will provide it with sufficient headroom to withstand the “most extreme of a range of highly stressed modelling scenarios: a full year shutdown”. It has also outlined a range of mitigating actions and strong contracted revenues.
27 Apr 2020
New bank facility for “most extreme scenario”
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New bank facility for “most extreme scenario”
Springfield Properties PLC (SPR:LON) | 95.0 1 1.1% | Mkt Cap: 112.7m
- Published:
27 Apr 2020 -
Author:
Alastair Stewart -
Pages:
3
Scotland’s only quoted housebuilder has agreed an additional term loan, on similar terms to its existing facility and which the Board estimates will provide it with sufficient headroom to withstand the “most extreme of a range of highly stressed modelling scenarios: a full year shutdown”. It has also outlined a range of mitigating actions and strong contracted revenues.