One Heritage Group Receives Extended Debt Facility Support from Parent Company

One Heritage Group PLC (OHG), a prominent residential developer and property manager operating mainly in the North of England, recently disclosed a significant development in its financial strategy. The company's parent and majority shareholder, One Heritage Property Development Ltd (OHPD), has displayed its backing through a revision of the repayment terms regarding OHG's substantial £14.0 million debt facility.

This modification stems from a prior announcement on 15 January 2024, wherein it was revealed that the facility's maturity had been stretched to the end of December 2025. With the latest revision, the agreement has been further adjusted to provide One Heritage Group with a potential extension of up to 36 months for the repayment, pushing the final due date to 31 December 2028.

This move signifies the strength and support behind One Heritage Group PLC, aiming to offer more flexibility in managing its financial commitments. The adjustment in the repayment schedule is anticipated to facilitate the company's ongoing and future development projects, ensuring sustainable growth and stability.