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(Sharecast News) - EPE Special Opportunities said in an update on Wednesday that its portfolio company Whittard of Chelsea has secured a 10m term loan facility from a third-party lender, alongside a 2m revolving credit facility to support working capital needs.
The AIM-traded firm said the proceeds of the term loan were used to repay existing shareholder loans provided by ESO Investments 1, a wholly owned undertaking of EPE Special Opportunities, with the funds returned to the company.
Following the refinancing, EPE Special Opportunities reported total cash balances of 16.4m.
At 1011 BST, shares in EPE Special Opportunities were up 1.69% at 147.45p.
Reporting by Josh White for Sharecast.com.
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