Banking Facility
02 Diciembre 2009 - 1:00AM
UK Regulatory
TIDMSCEL
RNS Number : 4266D
Sceptre Leisure PLC
02 December 2009
Sceptre Leisure plc
("Sceptre" or "the Group")
New GBP6.5 million banking facility
Sceptre Leisure plc is pleased to announce that it has agreed a GBP6 million
revolving credit facility and GBP0.5m overdraft with Lloyds Banking Group. These
facilities replace an existing GBP3m overdraft, which was due to expire on 31
December 2009.
In the 6 months to 31 October, Sceptre significantly reduced its net debt from
GBP19.3m to GBP16.7m with gearing falling to 135%, well below normal levels for
this type of business.
The new facilities will increase the Group's financial flexibility and allow it
to further satisfy demand, take advantage of the continued opportunities in its
market place and grow its estate of gaming machines.
Ken Turner, CEO Sceptre Leisure said:
"We are delighted to be working with Lloyds Banking Group and we are looking
forward to the opportunities that this new facility will give us to expand and
grow our business. This new facility demonstrates the strength of our business
and will allow Sceptre further flexibility in the future."
2 December 2009
Enquiries:
+--------------------------------------+--------------------------------------+
| Sceptre Leisure plc | 01772 694 242 |
+--------------------------------------+--------------------------------------+
| Ken Turner, CEO | |
+--------------------------------------+--------------------------------------+
| Lesley Humphrys, FD | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| Seymour Pierce (NOMAD) | 020 7107 8000 |
+--------------------------------------+--------------------------------------+
| Sarah Jacobs | |
+--------------------------------------+--------------------------------------+
| Christopher Wren | |
+--------------------------------------+--------------------------------------+
| | |
+--------------------------------------+--------------------------------------+
| College Hill | 020 7457 2020 |
+--------------------------------------+--------------------------------------+
| Matthew Smallwood | 07831 379 122 |
+--------------------------------------+--------------------------------------+
| Justine Warren | |
+--------------------------------------+--------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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