Debt financing
11 December 2008
MCB Finance Group plc (AIM: MCRB.L) (the "Company" or "MCB"), the consumer finance company providing flexible credit solutions to retail customers in Finland, Estonia, Latvia and Lithuania, has agreed with Rietumu Banka AS ('Rietumu') to extend its €15 million revolving credit facility to the end of March 2010. The facility was previously scheduled to mature in March 2009.
Rami Ryhänen, Chief Executive of MCB, said: "The extension of the credit facility gives MCB good visibility on the financing required to support the continued development of the Company. Securing this funding at such a difficult time for many lenders underlines the strength of our business and our relationship with Rietumu, one of Europe's strongest banks and among the Baltic region's leading financial institutions."
Further information:
| MCB Finance Group plc: | |
| Rami Ryhänen, Chief Executive | +372 5300 8332 |
| Henry Nilert, CFO | +358 451 370 065 |
| henry@mcbfinance.com | www.mcbfinance.com |
| Nominated Adviser: | |
| Libertas Capital: | |
| David Rae | Tel: +44 (0)20 7569 9650 |
| Media enquiries: | |
| Allerton Communications: | |
| Peter Curtain / Beatriz Bailey | Tel: +44 (0)20 3137 2500 |