Paragon to raise £287 million
Paragon Group has revealed plans to raise £287 million additional capital from its shareholders through a rights issue.
This will ensure that Paragon has no debt maturing before 2017.
Paragon has stressed its continued support for its existing customers with competitive products available for further advances and product switches.
When this capital has been accrued, Paragon is seeking to put in place new financing facilities which, once completed, will pave the way for the launch of a new buy-to-let range.






