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CRPR

-6.38%
NEUTRAL

James Cropper Secures Revised UK Banking Facility Terms

Why we think this is neutral

The RNS announcement provides an update on the company's banking facility, with revised terms that enhance the company's liquidity headroom. However, it does not contain any significant new information about the company's performance, strategy or future prospects. The announcement is focused on the financial arrangements and does not indicate any major changes or opportunities for the business.

Key Points

  • Revised terms agreed for principal UK banking facility
  • Quarterly repayment schedule amended to provide greater financial headroom
  • No dividend payments planned until September 2026

Summary

The advanced materials and paper & packaging group has agreed revised terms for its principal UK banking facility, providing greater financial headroom to support its strategic plans.

James Cropper plc (AIM: CRPR), the Advanced Materials and Paper & Packaging group, has agreed revised terms with its lenders in relation to its principal UK banking facility. The revised terms include changes to the quarterly repayment schedule, enhancing the company's liquidity headroom to support the implementation of its strategic plans. The interest rate and financial covenants on the facility remain unchanged. The Board does not intend to pay dividends during the period to September 2026.

Key Dates

18 June 2025
Capital Markets Event
CONTRACT WIN