Make your money go further for just 25p per day

PLASTICS CAPITAL benefits from some ‘post Fred’ RBS generosity!

03/04/2009 · Plastics Capital (IPO) 

The specialist plastics products group provided an update on an agreement reached with its bankers, Royal Bank of Scotland ("RBS"), in relation to the banking facilities that RBS currently provides to the Company.

Minor amendments to these facilities have been agreed in order to provide the Company with greater covenant and cash headroom over the next 12 months, as bank debt is repaid. 
Management commented that the costs associated with amending these facilities were not significant.

It must be an opportune moment to renegotiate with RBS. Having given Fred a wacking great pension in recognition for his contribution towards the biggest loss in UK corporate…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Plastics Capital

Wealth warning: beware the smoke and mirrors of adjustments!

05/12/2016 · Company Insights
Public companies delight in focusing on ‘adjusted’ numbers, which often hide a multitude of sins. The…

Plastics Capital (AIM: PLA) – results broadly in line but loads of adjustments!

07/12/2015 · Company Insights
The niche plastics products manufacturer, announced interim results broadly in line with management expectations, although it…

More Company Insights

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Challenging outlooks | Reassuringly boring | Hidden value

Stonking Small Cap reports cracking results

06/11/2024 · dotDigital

Sign-up to our free email updates

SIGN UP