One Media IP refinances GBP1.9 million of outstanding loan notes
26th Sep 2022 12:24
One Media IP Group PLC - Iver, England-based digital music rights acquirer, publisher and distributor - Refinances its GBP1.9 million outstanding unsecured loan notes held by British Growth Fund, which carried a fixed interest rate of 7%. Says the refinancing is by way of a secured facility from Coutts & Co and is priced at base rate plus 3.5%, amortising on a straight-line basis over five years. The facility is on "more traditional" bank lending terms and contains fewer restrictions on the operations of the business, it adds. Read More