IN BRIEF: SRT Marine ups medium-term notes programme by GBP20 million
10th May 2023 15:01
SRT Marine Systems PLC - Somerset, England-based provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection - Increases medium-term note programme capacity by GBP20 million. Says note programme is arranged and managed by LGB Capital Markets. Says notes outstanding under LGB Capital programme total GBP7.7 million. Says the programme and increased headroom provides working capital flexibility "in anticipation of some significant new system contracts in the future which have initial working capital requirements during their first few months to fund equipment purchases prior to first deliveries and subsequent receipt of customer payments". Read More