Naked Wines plc announced further to the company's announcement on 20 March 2024, the company announced the completion of a new credit facility with PNC Bank, N.A. The new facility replaces the facility previously in place with Silicon Valley Bank. The key terms of the new facility are: Headline facility size of $60 million, secured against global wine assets, with available liquidity based on inventory holding value; Facility term of 5 years; Margins, dependent on facility headroom, of SOFR plus 2.75% to 3.25%; A single financial performance covenant, requiring fixed charge cover to be greater than 1.2x, but only tested if outstanding available liquidity is less than $12 million.
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5-day change | 1st Jan Change | ||
61 GBX | -0.16% | -0.65% | +10.91% |
Jul. 09 | Naked Wines secures USD60 million facility to invest in quality wines | AN |
Jul. 09 | Naked Wines Secures $60 Million Credit Facility with PNC Bank | MT |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+10.91% | 58.63M | |
-1.34% | 6.25B | |
-21.87% | 804M | |
+12.84% | 415M | |
+7.83% | 360M | |
+1.81% | 213M | |
-35.58% | 141M | |
+29.20% | 136M | |
+42.86% | 132M | |
-21.05% | 59.48M |
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