Finance

Safestay shares surge

By 2017-04-03T08:58:00

Finance

Source: freeimages.com

Shares in Safestay jumped 8.04% on Friday after the hostel operator agreed an £18.4m refinancing with HSBC and completed a sale-and-leaseback deal on its hostels in Edinburgh and Elephant & Castle, raising gross cash proceeds of £12.6m.

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