Trufin Loan Early Repayment

RNS Announcement

RNS Number : 9863H

Distribution Finance Cap. Hldgs PLC

09 December 2020

9 December 2020

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

Early Repayment of Loan from TruFin plc

Distribution Finance Capital Holdings plc, a newly authorised bank providing working capital solutions to dealers and manufacturers across the UK, today announces that further to the announcements of 14 August 2020 and 21 October 2020, the Company has repaid its outstanding loan to TruFin plc ("TruFin").

The early repayment of the loan to TruFin, which totals approximately £9.5 million including associated interest and costs, falls in line with the amendments agreed and announced on 14 August 2020.

Since launching its first retail savings products on 14 October 2020, the Company has raised over £140 million of deposits. These deposits have allowed the early repayment of the outstanding loan to TruFin, including as also announced on 5 November 2020, the repayment of all of the Group's wholesale finance facilities, and the Group's loan book is now entirely supported by retail deposits.

For further information contact:

Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer	+44 (0) 161 413 3391
Kam Bansil - Head of Investor Relations	+44 (0) 7779 229508
http://www.dfcapital-investors.com

Investec Bank plc (Nomad and Broker)	+44 (0) 207 597 5970
David Anderson Bruce Garrow Duncan Wilson Maria Gomez de Olea

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RNS metadata

Title: Trufin Loan Early Repayment
Time: 07:00:04
Date: 9 Dec 2020
Category: Miscellaneous
ID: 9863H