IN BRIEF: Barkby intends to refinance GBP12 million debt facility

Barkby Group PLC - Abingdon, England-based investor in roadside property and in consumer and ...

Alliance News 4 December, 2023 | 11:26AM
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Barkby Group PLC - Abingdon, England-based investor in roadside property and in consumer and life sciences companies - Intends to refinance existing debt facilities, including its GBP12 million debt facility provided by Tarncourt Properties Ltd, a vehicle controlled by Executive Chair Charles Dickson and his family. Says this facility was revised in December last year, with interest paid at a rate of 3.0% above the Bank of England's prevailing base rate and an expiry date of June 30, 2024. Intends to simplfy its capital structure, after announcing a joint venture with Meadow Partners LLP at the end of October. It is considering a new pound sterling denominated private debt offering, which would be issued on market terms. Says "certain existing shareholders" are likely to participate in the offering. A further announcement will be made "as appropriate", Barkby says.

Current stock price: 6.39 pence, up 6.5%

12-month change: down 36%

By Greg Rosenvinge, Alliance News senior reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Barkby Group PLC 3.15 GBX -16.00 -

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