Audioboom, a leading global podcast company, has entered a two-year $4m secured loan facility with SPV Investments Ltd, the special purpose vehicle owned by Michael Tobin, Audioboom’s Chairman, and Candy Ventures, its largest shareholder. The facility will be used to secure and retain podcasting talent where necessary and, importantly, support the continued development of Audioboom’s owned and operated content, Audioboom Originals Network which yields higher gross margin and IP ow
07 Feb 2020
New facility secured; positive trading update
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New facility secured; positive trading update
Audioboom Group PLC (BOOM:LON) | 242 -12.1 (-2.0%) | Mkt Cap: 39.7m
- Published:
07 Feb 2020 -
Author:
David Johnson -
Pages:
2
Audioboom, a leading global podcast company, has entered a two-year $4m secured loan facility with SPV Investments Ltd, the special purpose vehicle owned by Michael Tobin, Audioboom’s Chairman, and Candy Ventures, its largest shareholder. The facility will be used to secure and retain podcasting talent where necessary and, importantly, support the continued development of Audioboom’s owned and operated content, Audioboom Originals Network which yields higher gross margin and IP ow