Pennant International secures £600,000 shareholder loan

Pennant International Group (AIM:PEN) has secured a £600,000 shareholder loan to reduce its bank overdraft facility from £1.4 million to £1.0 million. The loan, which can be drawn down immediately, will allow the company to maintain working capital flexibility through the remainder of the financial year. The interest rate is fixed at 10.0% per annum, payable monthly, and the principal is repayable in full 180 days after drawdown.

The loan supports Pennant's ongoing cost reduction and restructuring program, which is expected to deliver annualized cost savings exceeding £500,000 starting from fiscal year 2027. The company remains on track to meet its full year 2026 market expectations.

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