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The Conygar Investment Company PLC announced on 1 April 2026 the completion of a debt facility restructuring with Barclays Bank PLC for a loan to a wholly owned subsidiary. The restructuring retains the loan facility at £38.8 million following a £3.9 million part repayment in December 2025. It caps the loan to value covenant at no more than 60% and extends the final repayment date to 31 March 2027, with Winfield Court and 1 TIQ in Nottingham providing security for the loan.
| Date | 1 Apr 2026 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 9457Y |
1 April 2026
THE CONYGAR INVESTMENT COMPANY PLC
Debt facility restructuring
The Conygar Investment Company PLC ("Conygar"), the property investment and development group, announces the completion of its debt facility restructuring in connection with the loan provided by Barclays Bank PLC ("Barclays") to a wholly owned subsidiary of the Company.
The restructuring retains the loan facility at £38.8 million, following a £3.9 million part repayment in December 2025, caps the loan to value covenant at no more than 60% and extends the final repayment date to 31 March 2027. This will enable the further letting and stabilisation of Winfield Court, the student accommodation development at The Island Quarter in Nottingham, which in addition to 1 TIQ, the food, beverage and events venue in Nottingham, provides security for the loan.
Robert Ware, Chief Executive of Conygar, commented:
"We are delighted to have extended the loan facility with Barclays which will enable the continuing stabilisation of our student accommodation throughout the 2026-2027 academic year."
Enquiries:
The Conygar Investment Company PLC
Robert Ware / David Baldwin: 020 7258 8670
Panmure Liberum (Nominated Adviser and Broker)
Chris Clarke / Jamie Richards: 020 3100 2185
Temple Bar Advisory (Public Relations)
Alex Child-Villiers: 07795 425580
Sam Livingstone: 07769 655437