The Group has strengthened its liquidity position through the placing of 2,000 non-convertible debentures, raising gross proceeds of c£21.2m. The entire proceeds have been utilised to finance the prepayment of term loan principals out to June 2022, improving the Group's flexibility to manage cash flows in the short- to medium-term.
24 Jun 2020
Cenkos: OPG Power Ventures Plc -- Financial Flexibility
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Cenkos: OPG Power Ventures Plc -- Financial Flexibility
OPG Power Ventures Plc (OPG:LON) | 10.8 0 0.0% | Mkt Cap: 43.1m
- Published:
24 Jun 2020 -
Author:
Cavendish Research -
Pages:
6
The Group has strengthened its liquidity position through the placing of 2,000 non-convertible debentures, raising gross proceeds of c£21.2m. The entire proceeds have been utilised to finance the prepayment of term loan principals out to June 2022, improving the Group's flexibility to manage cash flows in the short- to medium-term.