EPE investee Whittard secures £10m term loan

(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.