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Sutton Harbour Group PLC - Plymouth, England-based waterfront regeneration company - Says it agreed on Thursday with lender Beinhaker Design Services Ltd or BDSL to extend its existing unsecured loan finance by £450,000, bring the total facility to £2.6 million. Final repayment date is also extended by 12 months to May 31, 2025. Says terms of the £1.3 million unsecured loan facility from Rotolok (Holdings) Ltd remain unchanged. BDSL loan carries a fixed 8% gross annual interest rate, and Sutton Harbour has the option to roll up some or all of the interest at a fixed 10% annual rate. BDSL represents 56% of the holdings of FB Investors LLP, which has a 75.38% holding in the company. Current stock price: 9.15 pence, down 3.7% late on Friday morning 12-month change: down 58% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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