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Stride Gaming enters into an £8mln loan facility with Barclays Bank

“Achieving financing from a tier one bank further enhances our ability to pursue our organic and acquisitive growth strategy."
Pound notes
Stride has only been listed since May 2015

Acquisitive online bingo operator Stride Gaming PLC (LON:STR) has refinanced an existing loan, entering into an £8mln facility with Barclays Bank.

The new facility replaces one extended by Stride shareholder Poppy Investments. It will mature four years from the date of the initial drawdown, and carries an interest rate of 3.6% plus LIBOR, payable quarterly.

"The loan facility with Barclays is another important step in Stride Gaming's successful journey as a public company and is a major endorsement of our strategy,” said Eitan Boyd, Stride’s chief executive. 

“Achieving financing from a tier one bank further enhances our ability to pursue our organic and acquisitive growth strategy and to deliver value for shareholders," he added.

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Stride Gaming PLC Timeline

CN Research
December 04 2017
Article
November 28 2016

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