The Barkby Group (GB:ROAD) has released an update.
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Roadside Real Estate PLC has successfully issued £9.0 million in secured loan notes, using the funds to manage existing debts and strengthen their working capital, thus increasing the company’s total outstanding borrowings to £25.0 million. The strategic refinancing will support the company’s transition to its roadside real estate strategy and development of its real estate portfolio in collaboration with Meadow Partners LLP. Post-refinancing, Roadside Real Estate is poised with increased cash on hand and extended funding lines to facilitate its growth over the next two years.
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