600 Group PLC Further re Debt Facilities (0777W)
December 07 2023 - 9:36AM
UK Regulatory
TIDMSIXH
RNS Number : 0777W
600 Group PLC
07 December 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014, AS AMENDED (AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018.
7 December 2023
The 600 Group PLC
("600 Group", the "Group" or the "Company" and together with its
subsidiaries the "Group")
Further re Debt Facilities
Further to the Company's announcement of 4 December 2023, 600
Group announces that the US Group companies have now received a
notice from Bank of America of default and demand for payment in
full of the Group's now expired and fully drawn US$5.5 million
facility (the "Facility") by 15 December 2023. The Group remains in
dialogue with the lender in respect of an extension to the
Facility, which it is not currently in a position to repay, and the
Group is also in discussions with other financial institutions with
regard to other potential funding alternatives.
Further announcements will be made, as appropriate in due
course.
Enquiries:
The 600 Group PLC Tel: +1 407 818 1123
Paul Dupee, Executive Chairman
Cavendish Capital Markets Ltd (Nominated Adviser and Broker) Tel: 020 7220 0500
Ben Jeynes / Dan Hodkinson (Corporate Finance)
Henry Nicol (Sales)
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END
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