Omni agrees debt facility with LNT

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Omni Capital has agreed a £30m committed debt facility with a construction company chaired by Yorkshire entrepreneur Lawrence Tomlinson.

The deal has been signed with LNT Care Developments, a wholly owned subsidiary of LNT Construction, which is a specialist developer of care homes.

The new facility, which has a term of four and a half years, will enable LNT to expand its development pipeline into more parts of the UK.

Mr Tomlinson, who is the chairman of LNT, said: “Omni Capital is a perfect partner for us. As property experts, they understand the nature of our construction business.”

Last month, the Leeds-based LNT group said all divisions grew in the 2013/14 financial year, with group turnover rising 19 per cent to £90.6m.