Target increases cash line to £220m

Care home

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Care home group Target Healthcare has increased its total borrowing capacity by £40m to £220m following new agreements with two of its banks.

The group has increased its existing revolving credit facility (RCF) with HSBC to £100m from £80m. It has also increased its existing committed term loan and revolving credit facility with RBS to £70m from £50m.

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