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Gusbourne PLC - Ashford, England-based sparkling wine producer - Completes refinancing of debt arrangements held with PNC Financial Services UK Ltd and a company associated with Lord Ashcroft, through issue of a new £20 million long-term secured deep discount bond. New deal is with a company also associated with Lord Ashcroft, Moongate Holdings Group Ltd. Explains that the £20 million proceeds have been used to repay the existing PNC Facility amounting to £16.3 million, and repay the short-term unsecured loan of £1.5 million plus related fees and expenses of £0.6 million. Remaining proceeds will be used for working capital and to support Gusbourne’s ongoing growth strategy. Financing issued at a discount of 7.75% per year on quarterly rests. Current stock price: 73.10 pence 12-month change: up 3.0% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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