By Josh White
Date: Friday 08 Mar 2024
LONDON (ShareCast) - (Sharecast News) - Consumer legal marketing and services firm NAHL Group announced the successful renewal of its banking facilities with Clydesdale Bank, part of Virgin Money UK, on Friday.
The AIM-traded company said the revolving credit facility, originally set to end on 31 December 2024, had been extended to 31 December 2025.
Moreover, the facility's limit was decreased by £5m, now standing at £15m.
The firm said the adjustment aligned with its medium-term strategies, and reflected a 27% reduction in net debt, which amounted to £9.7m as of the end of 2023, compared to £13.3m at the end of 2022.
It said the interest rate on the facility remained consistent at 2.25% above the sterling overnight index average (SONIA).
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 71.50p |
Change Today | 4.75p |
% Change | 7.12 % |
52 Week High | 73.25 |
52 Week Low | 39.00 |
Volume | 105,257 |
Shares Issued | 46.91m |
Market Cap | £33.54m |
Beta | 0.01 |
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