Significant increases in forward demand at both Renshaw and Haydens have led management to raise £15.5m of capital for working capital and investment in new technology, machinery and streamlined processes. Existing shareholders Napier Brown Holdings and Omnicane Limited are each providing a £2m 1-year secured loan facility at a 6.5% coupon. In addition, Downing LLP is providing a 3-year secured loan of up to £8.75m at an interest rate of 6.5%, and subscribing for 7,844,924 n
29 Jun 2017
New expansion capital
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New expansion capital
- Published:
29 Jun 2017 -
Author:
Cavendish Research -
Pages:
8
Significant increases in forward demand at both Renshaw and Haydens have led management to raise £15.5m of capital for working capital and investment in new technology, machinery and streamlined processes. Existing shareholders Napier Brown Holdings and Omnicane Limited are each providing a £2m 1-year secured loan facility at a 6.5% coupon. In addition, Downing LLP is providing a 3-year secured loan of up to £8.75m at an interest rate of 6.5%, and subscribing for 7,844,924 n