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SEC Newgate S.p.A

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.

Quick facts: SEC Newgate S.p.A

Price: £0.38

Market: AIM
Market Cap: £9.22 m
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