logo-loader
viewSEC Newgate S.p.A

Porta Communications agrees new revolving credit facility

The interest rate on the facility is 1.35 percentage points lower than the one it is replacing

Pound notes
The facility will result in an increase of the company's available credit facilities of up to £2.3m versus the existing confidential invoice discounting facility

Porta Communications PLC (LON:PTCM) has agreed terms for a new five year £3.3mln revolving credit facility.

The international communications and marketing group said the facility will replace the company’s existing £3mln confidential invoice discounting facility in the UK, and will provide working capital for the company.

The revolving credit facility includes a margin of 3.85% over LIBOR, representing a reduction of 1.35 percentage points over the confidential invoice discounting facility.

Quick facts: SEC Newgate S.p.A

Price: 41 GBX

AIM:SECG
Market: AIM
Market Cap: £9.94 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

PCF Bank's Scott Maybury reports on strong lending growth and increased...

PCF Group Plc's (LON:PCF) Scott Maybury speaks to Proactive London's Andrew Scott after the specialist lender posted record numbers in its latest year. Loans outstanding rose 55% to £339mln with profits for the twelve months to September climbing by 54% to £8mln. Maybury says targets for a...

6 hours, 46 minutes ago

2 min read