IN BRIEF: Kromek Group completes refinancing of borrowing facility
28th Sep 2023 17:14
Kromek Group PLC - Sedgefield, England-based detection technology supplier - Completes the refinancing of its borrowing facility, with the signing of a new GBP5.5 million secured term loan. The new facility is being provided by Polymer N2 Ltd, a significant shareholder in the company. It has a repayment date of March 27, 2025, with an option to extend for a further 12 months. It carries a fixed interest rate of 9.5%, which is payable quarterly, and Kromek has the option to pay the interest through the issue of new ordinary shares. Read More