RBG Holdings plc announced that it has renewed and extended its existing borrowing facilities with its current provider, HSBC. The renewed facility, which runs until 31 December 2025, totals £24.5 million, and consists of a £18 million revolving bank facility and a £6.5 million term loan. The renewed facility replaces the £21.5 million of facilities which were due for renewal in April 2024.

The interest rate on the renewed facility will remain the same as for the previous facilities, paying a margin of 2.4% - 3.15% over the Sterling Overnight Index Average (SONIA), resulting in a current effective rate of 8.3%. The Board has previously stated that reducing the Group's debt from its existing level is a priority. A number of actions have already been taken that will help achieve this, including suspending the dividend policy and exiting the Company's third-party litigation finance business, LionFish Litigation Finance Limited.