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One Heritage Group plc: £1,500,000 8% Fixed Rate Unsecured Bonds 2024 (“Bond”)
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is providing an update on the repayment of its £1.5 million unsecured corporate bond due for repayment 15th March 2024.
The Company is pleased to have today signed a new 12-month £500,000 unsecured Loan with a Bond holder, at an interest rate of 8% per annum.
Due to delayed property refinancing, payment of the remaining £1 million is expected to be repaid by 18th March 2024. The Company is not in default unless the Bond is not repaid by 29th March 2024.
Contacts
Jason Upton
Chief Executive Officer
Email: jason.upton@one-heritage.com
Hybridan LLP (Financial Adviser and Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341