Refinancing loans can be a tricky exercise at the best of times, especially given today’s the political impasse at Westminster. Therefore, it was very encouraging to hear this morning that Rosslyn Data Tech had managed to replace its existing £0.75m debt with a new 3 year, £1.5m secured facility from Clydesdale Bank on equivalent terms (ie interest charged to be at 7.75% plus 3 month LIBOR).
09 Apr 2019
Double thumbs up for new bank facility
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Double thumbs up for new bank facility
Rosslyn Data Technologies PLC (RDT:LON) | 9.8 0 0.0% | Mkt Cap: 1.72m
- Published:
09 Apr 2019 -
Author:
Paul Hill -
Pages:
6
Refinancing loans can be a tricky exercise at the best of times, especially given today’s the political impasse at Westminster. Therefore, it was very encouraging to hear this morning that Rosslyn Data Tech had managed to replace its existing £0.75m debt with a new 3 year, £1.5m secured facility from Clydesdale Bank on equivalent terms (ie interest charged to be at 7.75% plus 3 month LIBOR).