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Inland Homes PLC - Southern England-focused brownfield developer, housebuilder and partnership housing company - Says it has advised HSBC Holdings PLC that it considers that its subsidiary, Inland Homes Developments Ltd, is in breach of certain historic and forward looking covenants in relation to a debt facility of £13.6 million provided to that company. The facility is guaranteed by Inland Homes. The total amount drawn under this facility from HSBC to date is £11 million. Inland Homes says it is in active discussions with HSBC regarding waivers for the breaches and a further announcement will be made in due course. Current stock price: 8.50 pence 12-month change: down 99% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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