Proactive Investors - Run By Investors For Investors

Porta's new credit facility officially kicks in

All the boxes have now been ticked on the group's revolving credit facility with Clydesdale Bank
Pound notes
The company can now start drawing down money from the facility

Porta Communications PLC (LON:PTCM), the international communications and marketing group, has formally implemented the revolving credit facility with Clydesdale Bank.

All of the conditions of the facility, details of which were disclosed last week, have now been met and the company can start drawing down money from the facility.

READ Porta Communications agrees new revolving credit facility

Security for the revolving credit facility has been granted to Clydesdale over the assets of the company and certain of its wholly owned subsidiaries.

View full PTCM profile View Profile

Porta Communications PLC Timeline

Related Articles

Mobile users holding phones up
September 05 2018
The mobile advertiser is placing itself at the forefront of the digital revolution as companies and brands increasingly look to the web as the next forefront of advertising
Lego ball
September 14 2018
The company's latest push is a joint venture agreement with US-based entertainment firm Three Six Zero, which has steered the careers of pop stars such as Calvin Harris
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use