Sanctuary Capital PLC Sanctuary provides GBP50m secured loan to Swan (9525G)

TIDM71WG

RNS Number : 9525G

Sanctuary Capital PLC

18 November 2022

Sanctuary provides GBP50m secured loan to Swan

Sanctuary has provided a GBP50m secured loan to Swan Housing Association.

The loan from Sanctuary Affordable Housing Limited refinances the secured loan previously advanced by Orbit Group during partnership discussions between the two housing associations. The loan also provides additional liquidity into Swan.

Sanctuary is currently in discussions with Swan about a possible business combination that, if completed, would result in Swan becoming a subsidiary of Sanctuary on 30 November 2022.

Any future agreement regarding a possible business combination will be subject to the ongoing due diligence and the approval of the boards of both organisations.

ENDS

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November 18, 2022 08:31 ET (13:31 GMT)

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