Extension to Debt Facility Term


 

TIDMVTS 
 
RNS Number : 2898L 
Vantis PLC 
04 May 2010 
 

 
 
 
 
+----------------------------+-------------------------------+ 
| Immediate Release          |                    4 May 2010 | 
+----------------------------+-------------------------------+ 
 
 
VANTIS PLC 
                                (the 'Company') 
 
                        Extension to Debt Facility Term 
 
 
The Company announces that it has agreed with its banking providers to extend 
the term of its debt facility to 15 May 2011.  The Company's debt facility now 
comprises a term loan of GBP19 million and a revolving credit facility of 
GBP34.6 million. 
 
The Company remains focused on reducing the level of debt in the business. 
 
For further information: 
+--------------------------------+--------------------------+ 
| Vantis plc                     |         +44 20 7417 0417 | 
+--------------------------------+--------------------------+ 
| Paul Jackson, Chief Executive  |                          | 
+--------------------------------+--------------------------+ 
| Stephen Smith, Finance         |                          | 
| Director                       |                          | 
+--------------------------------+--------------------------+ 
|                                |                          | 
+--------------------------------+--------------------------+ 
| Investec Investment Banking    |         +44 20 7597 5970 | 
+--------------------------------+--------------------------+ 
| David Currie, Martin Smith     |                          | 
+--------------------------------+--------------------------+ 
|                                |                          | 
+--------------------------------+--------------------------+ 
| Buchanan Communications        |         +44 20 7466 5000 | 
+--------------------------------+--------------------------+ 
| Richard Darby, James Strong    |                          | 
+--------------------------------+--------------------------+ 
 
Notes to Editors 
 
Vantis plc is the AIM listed leading UK accounting, tax and business recovery 
and advisory group, focused on helping owner-managed businesses and high net 
worth individuals successfully achieve their personal and business aspirations. 
 
Services are provided locally and nationwide by experienced professionals and 
specialist industry teams who offer comprehensive sector knowledge and product 
expertise.  Vantis strives to provide all clients with successful, bespoke 
solutions to help generate and preserve their wealth. 
 
The Vantis group offers a range of specialist skills including Accounting, 
Taxation, Business Advice, Corporate Finance, Asset Finance, Forensic Accounting 
and Dispute Resolution, Business Recovery & Personal Insolvency Services, 
Restructuring and Turnaround Services, Outsourcing, Management Consultancy, 
Company Secretarial, Customs Duty Recovery and Advisory Services, Independent 
Financial Advice, High Net Worth Services and Sports Advisory Services and 
Solutions. 
 
The Vantis group has approximately 1,000 staff operating from 16 locations 
throughout England. 
 
For more information about Vantis, please visit www.vantisplc.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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