Panther Securities PLC Update on proposed refinancing (0450X)

TIDMPNS

RNS Number : 0450X

Panther Securities PLC

18 December 2023

Panther Securities PLC

(the "Company")

Update on proposed refinancing

Further to the update provided on 27 September 2023, Panther Securities PLC is pleased to confirm that credit approval for the proposed refinancing of our loan facilities has now been obtained from both of the joint-lenders. The new facility is to be for GBP68 million, split between a GBP55 million term loan and a GBP13 million revolving facility (which gives the Company more flexibility). The new facility has been agreed for a four-year term (with a further one-year option to extend), and the agreed terms show an improved interest margin for the Company, relative to our current loan facility, with similar covenants.

The Company expects to complete the new facility in the new year. The current loan facility expires in July 2024.

For further information:

Panther Securities plc: Tel: 01707 667 300

Andrew Perloff / Simon Peters

Allenby Capital Limited (Nomad and Joint Broker) Tel: 020 3328 5656

Alex Brearley / Piers Shimwell

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December 18, 2023 02:00 ET (07:00 GMT)

Panther Securities (LSE:PNS)
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