Boss De Haan raises loan to Saga to £85m
Evening Standard|September 27, 2023
SAGA, the specialist travel group and insurer for the over-50s, said today it would borrow more than previously planned from its chairman ahead of a £150 million bond repayment, having dropped a proposal to sell its underwriting business.
Michael Hunter
Boss De Haan raises loan to Saga to £85m

Sir Roger De Haan will now lend the company up to £85 mill ion, an increase of £35 million. Saga said the arrangement would “provide additional financial flexibility”.

The loan was also extended until the end of 2025, with the bond due in May 2024.

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