StockMarketWire.com - Services company FIH Group said it had refinanced a short-term temporary bank facility of £10m.

The facility was used to assist with a £19.6m purchase of an art storage warehouse in Leyton, as announced in December.

With effect from 30 June, the company said it had drawn down a £13.9m long-term mortgage, which had increased overall bank borrowings by £3.9m and boosted cash reserves by £3.9m.

The loan had a 20-year repayment profile, and following the draw down, the company had entered into an interest rate swap that would fix the cost ofthe loan at 3.0% per annum for 10 years.


At 2:05pm: [LON:FIH] FIH Group Plc share price was 0p at 314p



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