Sancus Lending Group Limited (GB:LEND) has released an update.
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Sancus Lending Group Limited reports robust trading, with revenues up from £7.8 million to £10.0 million and loan facilities written increasing to £67 million, signaling confidence in continued growth for the rest of 2024. The company is also proposing amendments to its Bonds, including extending maturity dates and increasing the coupon rate from 7% to 8%, alongside a potential increase in the maximum principal amount from £15 million to £30 million, subject to shareholder approval.
For further insights into GB:LEND stock, check out TipRanks’ Stock Analysis page.
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