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The latest announcement is out from Sancus Lending Group ( (GB:LEND) ).
Sancus Lending Group Limited has announced an expansion of its credit facility with Pollen Street Capital, increasing its capacity from £125 million to £200 million and extending its maturity to at least June 2030. This move aims to support the company’s growth in property-backed lending across its key markets. Additionally, Sancus has issued £1.5 million in preference shares to Somerston Fintech Limited, enhancing its capital deployment for existing funding lines, which is expected to bolster the company’s loan book expansion.
More about Sancus Lending Group
Sancus Lending Group Limited operates in the financial services industry, focusing on property-backed lending. The company primarily serves markets in the United Kingdom, Ireland, and the Channel Islands, offering credit facilities and funding solutions.
Average Trading Volume: 243,218
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.86M
For detailed information about LEND stock, go to TipRanks’ Stock Analysis page.