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Finsbury Food Group (FIF)

Share Price:
Up 77.50p
Change Today:
4.00p
Market Cap:
101.05m

Finsbury Food secures new revolving credit facility

23 Feb 18

LONDON (ShareCast) - (ShareCast News) - AIM-listed speciality cake and bread manufacturer Finsbury Food said on Friday that it has refinanced its current debt facilities.
It has agreed a new 45m revolving credit facility with HSBC, Rabo Bank and RBS. The five-year facility is on improved terms and includes scope for an increase of up to 45m,

Finsbury said it provides increased capacity for the group to explore future growth opportunities and support its long-term investment strategy.

Finance director Steve Boyd said: "We are delighted with this successful outcome and this revised facility, with significant headroom, gives us greater flexibility and means we are better equipped to deliver growth and shareholder value going forward."

At 0925 GMT, the shares were up 0.1% to 116.62p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 77.50p
Change Today 4.00p
52 Week High 127.50p
52 Week Low 60.00p
Volume 414,865
Shares Issued 130.38m
Market Cap 101.05m

Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Nov-19 04-Apr-19
Paid 23-Dec-19 26-Apr-19
Amount 2.34p 1.16p