Tasty secures £8m facility for further expansion

Restaurant operator, Tasty plc has announce today that it has renewed and extended its existing debt facility with Barclays Bank.

The amended facility is for £8m, consisting of a £3m revolving bank facility and a £5m term loan. Both the revolving facility and the term loan are available to the company for 5 years.

The extended facility provides an additional finance stream, in addition to the company's existing cash resources, to allow continued expansion of the restaurant estate.

Tasty's trading brands are dim t and Wildwood restaurants and there are approximately 37 branches.