TIDM61HI

RNS Number : 9524G

Swan Housing Capital

18 November 2022

Swan Housing Capital plc

18 November 2022

Swan receives GBP50m secured loan from Sanctuary

Swan Housing Association has today confirmed that Sanctuary Affordable Housing Limited (a member of the Sanctuary group) has provided it with a secured loan of GBP50m.

The loan 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.

Swan is currently in discussions with Sanctuary Housing Association 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 will be subject to detailed due diligence and the approval of the boards of both organisations.

ENDS//

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBXBDBCDBDGDI

(END) Dow Jones Newswires

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

Swan Housing 48 (LSE:61HI)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Swan Housing 48 Charts.
Swan Housing 48 (LSE:61HI)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Swan Housing 48 Charts.