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RNS Number : 3774E 
Millwall Holdings PLC 
18 December 2009 
 
Millwall Holdings Plc 
 
 
("Millwall" or the "Company") 
 
 
Amendment to Loan Facilities & Consent to Issue New Loan Notes 
 
 
The Company has on 17 December 2009 completed an amendment and 
restatement agreement ("Amendment Agreement") to the unsecured loan facility 
agreement with Chestnut Hill Ventures LLC ("CHV") dated 25 November 2008 (as 
amended on 20 October 2009) ("Unsecured Facility Agreement") pursuant to which 
CHV has agreed to provide an additional Facility B Loan to the Company of up to 
GBP1.7 million. With the provision of this Facility B Loan the total loan 
facility under the Unsecured Facility Agreement has increased from GBP4.3 
million to GBP6 million. The Facility B Loan will carry interest at the rate of 
15 per cent per annum. 
 
 
Under the Amendment Agreement the repayment date of the Facility A Loan already 
advanced to the Company has been extended to 31 March 2011. The repayment date 
of the new Facility B Loan is also 31 March 2011. Other than those terms stated 
above, the principal terms of the Unsecured Facility Agreement will remain the 
same. 
 
 
The monies to be advanced to Millwall by CHV as a result of the Amendment 
Agreement will be used for general working capital purposes. 
 
 
The Company has on 17 December 2009 also completed an amendment to the secured 
facility agreement with CHV originally dated 1 March 2007 (as amended and 
restated on 2 April 2008 and further amended on 30 June 2008) ("Secured Facility 
Agreement") to allow the Company to issue loan notes. 
 
 
The amendment to the Secured Facility Agreement permits the Company to issue 
unsecured and non-convertible loan notes ("Loan Notes"). When issued, the Loan 
Notes will carry interest at the rate of 15 per cent per annum and the Company 
will have the option to issue further loan notes ('PIK' or 'Payment-In-Kind' 
notes) in lieu of paying interest. The redemption date of the Loan Notes is to 
be agreed but will be on or after 31 March 2011. 
 
 
John Berylson, a director of the Company, has a controlling interest in CHV and 
CHV is a substantial shareholder in the Company therefore the 
agreements constitute a related party transaction under the AIM Rules. The 
directors of the Company (other than John Berylson and Demos Kouvaris who are 
both directors of CHV), consider, having consulted with Seymour Pierce Limited, 
that the terms of the transactions are fair and reasonable insofar as 
shareholders of the Company are concerned. 
 
 
 
 
 
 
Contacts: 
 
 
Millwall:Andy Ambler 
                020 7232 1222 
Tom Simmons 
020 7232 1222 
 
 
 
 
Seymour Pierce:Tom Sheldon 
                020 7107 8000 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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