Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, has renewed and extended its existing debt facility by £1.5m as it looks to further expansion.
The amended facility is for £4m, consisting of a £3m three-year revolving bank facility and a £1m three-year term loan.
Tasty said: “The facility provides an additional finance stream, in addition to the company’s existing cash resources, to allow continued expansion of the company’s restaurant estate.”
Speaking to M&C Report in April, Tasty joint chief executive Jonny Plant said the company plans to open 20 further sites under its core Wildwood brand over the next 20 months, and hasn’t ruled out adding to its six-strong Dim T chain.
Last month the company revealed that it’s looking to enter the burger market with plans to open a pilot unit under the name Lucky Burger next to its upcoming Wildwood opening in Oakham.
