Revolution Bars Group Secures Financial Future
Company Announcements

Revolution Bars Group Secures Financial Future

Revolution Bars (GB:RBG) has released an update.

Revolution Bars Group has successfully had its restructuring plan sanctioned by the court, paving the way for financial stability and improved annualized EBITDA by approximately £3.8 million. The plan involves refinancing, site exits, rent reductions, and a £12.5 million fundraising initiative to support the Group’s future growth. Despite recent trading challenges, the Group is optimistic about its diversification and future, with a year-end EBITDA of around £3.0 million and a net bank debt of £23.8 million.

For further insights into GB:RBG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskRevel Collective Unveils 2024 Report and Board Changes
TipRanks UK Auto-Generated NewsdeskRevel Collective’s Shareholder Dynamics Shift
TipRanks UK Auto-Generated NewsdeskRevel Collective’s Strategic Restructuring and Growth Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App