New Banking Facility
21 Décembre 2007 - 11:12AM
UK Regulatory
RNS Number:4834K
Optimisa PLC
21 December 2007
For immediate release 21 December 2007
Optimisa plc
("Optimisa" or the "Company")
New Banking Facility
On 14 September 2007, Optimisa announced a recommended offer for eq group plc
("eq") and an associated fundraising including the intention to enter into a new
debt facility with Barclays Bank plc ("Barclays") of �5.5 million (the "New Debt
Facility") to refinance the existing eq group plc loans and overdraft. Optimisa
is delighted to announce that it has now signed the New Debt Facility with
Barclays.
The New Debt Facility consists of:
* a �2.0 million term loan repayable in 10 equal quarterly instalments, the
first becoming payable on 30th June 2008;
* a �2.5 million revolving credit facility available until 9th November 2010;
and
* a �1.0 million overdraft facility.
The Company has obtained the New Banking Facility on significantly better terms
than those previously provided to eq.
Ron Littleboy, Chairman of Optimisa commented:
"We are delighted to welcome Barclays as bankers to the enlarged Optimisa group
and to have secured advantageous credit terms during a period of significant
uncertainty in the debt markets. Barclays have provided Optimisa with a flexible
banking package to partially fund the acquisition of eq and current business
requirements of the enlarged group whilst allowing the Board to maintain its
policy of paying a progressive dividend."
Enquiries:
Optimisa plc +44 (0) 20 7960 3320
Ron Littleboy, Non-Executive Chairman
Noble & Company Limited +44 (0) 20 7763 2200
Nick Naylor
Brian Stockbridge
This information is provided by RNS
The company news service from the London Stock Exchange
END
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